Dubai's first foreclosure may open the floodgates
China Daily | Updated: 2010-01-12 08:02
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A billboard outside the Dubai World Trade Center shows Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum (left) and Sheikh Khalifa bin Zayed Al Nahyan, president of the United Arab Emirates. Barclays Plc won the sheikdom's first foreclosure cases in court. Bloomberg News |
Lenders set to become more aggressive in pursuing legal action
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