May 7 (Reuters) - Legal proceedings in the $2.2 billion debt restructuring of Dubai World's shipbuilding unit have been delayed due to a court challenge in Singapore over a rig-building contract, a lawyer said on Monday.
Singapore's Court of Appeal overturned an initial ruling which prevented the calling of a refund guarantee provided to the buyer by three Singaporean banks concerning the delayed rig, a Drydocks lawyer told the special tribunal on Monday. Full story
