Nakheel in tribunal win over 'The World' contractor


penguin should call nakheel that they need to be reasonable and write off 85% of the money. it's just fair, nakheel handles their debts the same way!!!

Sam from Canada

Nakheel does not deserve a dime as no marine services could have been provided cos Nakheel screwed up and did not perform. So, Penguin has the right to respond in kind.

Judgement is neither just nor fair by any measure.


This is so funny (not for Penguin off-course).


Its tragic, not funny. Its also injustice and non-performance (by Nakheel).

Red Snappa

Presumably this was a watertight contract with no real get out or sanity clause, so I assume Penguin are paying two years' back license fees, but does this mean all fees are cancelled from here on in. The Dubai World Tribunal is generally pretty evenhanded in its deliberations.

The truth of the matter is, little has happened on The World for a while now, a flurry of activity in Kleindiensts 'Heart of Europe' multi-island cluster then litigation, some beach club development on 'Lebanon,' but nobody else really building. So I suppose that small amount of activity, plus raw island upkeep, was enough to justify that the Penguin agreement should still be in place?

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Features & Analysis
Revealed: GCC's top 10 developers

Revealed: GCC's top 10 developers

The biggest players behind many of the region's most ambitious...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

Qatar's labour requirements

Qatar's labour requirements

Qatar’s Supreme committee has published worker welfare standards...

Most Discussed
  • 20
    Why Dubai should consider removing the rent cap

    Not even one comment supporting the author. I wonder if he is trying to create a bubble. more

    Monday, 24 November 2014 2:25 PM - Anil
  • 14
    Life sentence for London hammer attacker

    The death sentence is a free pass. The purpose of punishment has always been to provide a lesson for misbehaving. No one learns a lesson by dying. Life... more

    Friday, 21 November 2014 2:02 PM - LordLands
  • 5
    Is this the end of F1?

    Compare this to WEC and you see a stark difference. The 'formula' for WEC is much more wider and more accomodating. They have been runnning hybrids for... more

    Monday, 24 November 2014 2:30 PM - Vincent