On November 25, 2009, the city state of Dubai shocked markets by revealing that Dubai World, its flagship state holding business, would look for a six-month "grinding halt" on a minimum of $4 billion U.S. dollars of its $26 billion in financial obligation commitments. This case explains Dubai's development technique in information and tells how, as part of that technique, a series of state-owned holding business collected billions of dollars in financial obligation. The (A) case ends as Sheikh Ahmed bin Saeed, chairman of Dubai's Fiscal Committee, needs to choose exactly what to do about the monetary difficulties of Dubai World and other state-owned holding business.
The case provides Sheikh Ahmed bin Saeed needing to choose amongst 3 alternatives: the Dubai federal government can ensure the financial obligation, they can renegotiate the financial obligation, or they can leave (i.e., default). The B case explains the choice and the responses to this choice around the globe and provides a brand-new choice on the part of bond holders of Dubai's state-owned holding business. The C case briefly evaluates the benefits and downsides of Dubai's bankruptcy treatments, both for financiers and for the holding business of Dubai.
PUBLICATION DATE: June 30, 2010 PRODUCT #: 710069-PDF-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
Related Case Solutions & Analyses:
Investment Portfolio
Weight Solutions Clinic: Bariatric Surgery Center
What Should I Do if I End-up Working in a Corrupted Network?
Considerations for Entrepreneurial Acquisitions
Book Publishing in 2010
Taiwan’s High-Speed Rail: A Public-Private Partnership Hits a Speed Bump
Subcontinental Telecommunications Solutions
Union Carbide’s Bhopal Plant (B), Spanish Version
Danfoss RC in China (A): Going Global
Danfoss RC in China (B): Big Challenges
