Back to Gideon RachmanBy Alan Beattie, world trade editor
If anyone can explain this to me, I’d be very grateful. I have been reading everywhere that Dubai has no modern bankruptcy law, meaning you can go after your debtors with criminal sanctions if they default.
Does this mean that thanks to this week’s events a whole bunch of really quite important people in the emirate are now potentially facing chokey? Seems unlikely, but not sure how.
I have no idea, so I’m crowdsourcing the answer. Anyone?
Related reading:
Dubai in turmoil FT
What’s the big deal? Willem Buiter, FT
Tags: Dubai
This blog covers a variety of topics from US foreign policy to European politics and the Middle East - and whatever else happens to be in the news or catch my attention. I joined the FT as chief foreign affairs commentator in 2006, after a 15-year career at The Economist which included stints as a correspondent in Brussels, Bangkok and Washington. I write a weekly column on foreign affairs, which appears in the paper on Tuesdays. Occasionally my FT colleagues contribute posts to this blog.
