Advisors on Dubai Inc Debt Announced and the Implications

Here's an article on Moelis and Deloite roles.

The clear message from this is that this exercise is not going to be just a six month payment delay.

The presence of financial as opposed to solely corporate restructuring advisors is also another sign of the likely direction this will take.  There will probably be haircuts as the debt repayments are matched to the companies' cashflows - either from operations or from asset sales.  

On that latter topic, I expect there will be an attempt to ring fence the good bits (Jebel Ali Free Zone, Dubai Ports) from the not so good bits.   Just as there is no government guarantee.  If there is no written Dubai World guarantee for Limitless or Nakheel, DW can similarly say to creditors to look solely to these companies for repayment.