Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Investment Dar Restructure Plan ‘Prone to Collapse,’ Qabas Says

Sept. 12 (Bloomberg) -- A restructuring plan by Investment Dar Co., the Kuwait-based owner of half of Aston Martin Lagonda Ltd., could collapse because of a court case challenging a law by which the company is reorganizing debt, Al-Qabas reported, without saying where it got the information.

Investment Dar last year altered the terms on about $5 billion of loans after defaulting in 2009. The restructuring is being implemented under Kuwait’s Financial Stability Law, which was enacted by the government in April 2009 to bolster financial institutions hurt by the credit crisis.

A spokesman for Investment Dar couldn’t immediately be reached for comment when contacted by Bloomberg News today.

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.