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Creditors tell High Court that Dana Gas sukuk get-out is "absurd"
(Reuters - 26/09/2017)

A claim by Dana Gas that it does not have to pay back its Islamic bonds because they are no longer sharia-compliant is “absurd” as repayment under such a scenario is covered in the original paperwork, creditors told a London High Court. United Arab

Bondholders push back on Dana Gas sukuk invalidation claims in London
(The National - 26/09/2017)

Sharjah-based Dana Gas sought to have US$700 million worth of Islamic bonds declared unlawful so it could avoid repaying investors next month, London’s High Court heard on Monday, a charge the company has denied. The company’s claim that a huge 2013

London Dana Gas sukuk trial to proceed despite UAE injunction - judge
(Reuters - 22/09/2017)

A London High Court trial on the validity of $700 million (£516.61 million) sukuk issued by the UAE’s Dana Gas <DANA.AD> will proceed on Monday despite an injunction from a UAE court obtained by some shareholders. Judge George Legatt said on Monday

Dana fight with BlackRock to start despite UAE court order
(Gulf Times - 20/09/2017)

A London lawsuit over $700mn in Shariah-compliant bonds issued by Dana Gas will go ahead despite a last-minute UAE court order that attempted to stop the company from taking part in the trial. Dana Gas stunned investors and the Islamic finance community

BlackRock Says Dana Gas Trying to Block London Sukuk Bond Trial
(Bloomberg - 19/09/2017)

A London court case over $700 million in Shariah-compliant bonds issued by Dana Gas PJSC was derailed as lawyers said judges in the United Arab Emirates issued an order blocking the trial. Dana Gas stunned investors and the Islamic finance community when

Investors in $700 million sukuk issued by UAE’s Dana Gas propose restr
(Arab News - 14/09/2017)

Holders of about $700 million of Islamic bonds issued by Abu Dhabi-listed Dana Gas have submitted a restructuring plan to the company’s management, a committee for the holders said on Wednesday. The sukuk are due to mature this year but Dana has refused

Dana Gas makes up for dull day on UAE bourses
(Gulfnews - 05/09/2017)

Dana Gas shares jumped 14 per cent on Monday after the company reached an agreement with the Kurdistan government on payments. Dana Gas shares closed at the intra-day high of Dh0.73, up 14 per cent and not far from the 52-week high of Dh0.77. “The only