By 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
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