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Blackrock argues Dana Gas is trying to “avoid its obligations”

By Benjamin Clarke

26 September 2017

Blackrock argues Dana Gas is trying to “avoid its obligations” Sharjah, United Arab Emirates iStock.com/abalcazar

The UK trial over the validity of a US$700 million Islamic bond issued by UAE-incorporated Dana Gas finally got underway on Monday, with certificate-holder Blackrock accusing the gas company of bringing the legal challenge “in order to avoid its obligations” to creditors.