Reuters Dubai – A U.S.-based hedge fund said it has won a $72 million legal claim against Dubai’s Drydocks World for defaulting on a loan, putting the ship builder’s $2.2 billion debt restructuring in further trouble.
Monarch Alternative Capital said in an emailed statement that Drydocks, a unit of Dubai World, has been ordered to pay the entirety of the sum of £45.5 million ($71.6 million) claimed plus Monarch’s legal costs.
