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Eshraq and Shuaa clash over convertible bond subscription claims
Eshraq denies that it committed to the mandatory convertible bond subscription, while Shuaa insists it had a binding agreement
Union Properties slashes debt + secures new funding
The developer cut its legacy debt to AED 575 mn by the end of 2024, down from AED 1.5 bn…
Mubadala to propose full control of Getir at upcoming meeting
Founder Nazim Salur has initiated legal action to challenge Mubadala’s proposal to take full ownership of Getir
Drake & Scull secures AED 152 mn compensation from former executives
Dubai’s Cassation Court rejected all appeals against the ruling
More hedge funds, law firms set up shop in the UAE + Dubai’s first vertiport gets design approval
ALSO- Dubai-based oil and gas firm Horizon Global reached a settlement with Polish oil refiner Orlen
Bildco settles debt with Ajman Bank
Bildco received a 13.5% discount on its dues
Dubai Aerospace Enterprise receives USD 201 mn in settlements from ins. companies
The aircraft lessor has been receiving proceeds from ins. providers for the past three months
Taqa Bratani, Spirit Energy lose UK court case against Viaro CEO over asset dispute
Taqa and Spirit claimed that Viaro intentionally removed the value from their partnership and caused its collapse
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