British banks will be among the hundreds of financial institutions that meet Dubai World officials today to begin the process of restructuring the conglomerate.
Royal Bank of Scotland is chairing a co-ordinating committee of some of the biggest creditors.
Dubai World is expected to outline the scale of its problems and to broadly map how the restructuring process could work. It is expected to make a formal request for a standstill agreement on $26bn (£16bn) of its $80bn-plus debts.
21/12/09 Guardian 26 Times 29, 42, 44, 47 Financial Times 8, 24 Independent 37
