Dana Gas Won’t Meet Sukuk Payment to Deutsche Bank

The transcript discusses the recent developments in the payment rate issue involving Deutsche Bank and Dana Gas. It highlights the legal proceedings, including the English Court's judgment and the upcoming hearing in September. The English Court has taken jurisdiction over the sukuk issue, including UAE law elements, and will hear expert evidence if needed.

What was the initial legal action taken by Dana Gas regarding the sukuk issue?

• They filed for bankruptcy.

• They sought an injunction in Sharjah and London.

• They paid the sukuk holders.

• They sold their assets.

What was the significance of the English Court's judgment on July 5th?

• It declared the sukuk invalid.

• It was a key development in the legal proceedings.

• It dismissed the case.

• It provided a new payment plan.

What is the next major event in the legal proceedings concerning Dana Gas?

• A six-day hearing in England.

• A court hearing in the UAE.

• A new sukuk issuance.

• A settlement with investors.

Which court has taken jurisdiction over the sukuk issue, including UAE law elements?

• The English Court

• The UAE Supreme Court

• The International Court of Justice

• The Sharjah Court

What did the English Court order regarding the proceedings in Sharjah?

• To continue as planned.

• To be transferred to the UAE.

• To be stayed.

• To be expedited.