The first trade creditor has filed a lawsuit against Dubai World's Nakheel property developer unit with the special tribunal set up to handle disputes over its debt restructuring, which could further delay a settlement.The tribunal said the suit, filed in mid-August, was served by Dubai-based Construction Delivery Group (CDG).
CDG's lawsuit contends that it is owed Dh50 million ($13.6 million) in principal, interest and damages related to a facilities management contract for properties at the Palm Jumeirah, one Dubai's three artificial palm-shaped islands.
