Kuwait Investment Dar has begun talks with creditors about a new KWD813 million (USD2.7 billion) debt restructuring plan after a court threw out an earlier attempt. Investment Dar, whose main assets are in finance and property, has made several efforts to pay off creditors after getting heavily indebted during the financial crisis. Its most recent plan named Dasman failed last month when Kuwait's Court of Appeal rejected an application under the country's financial stability law to impose it on all creditors. The company organised a creditor meeting last Tuesday, attended by around half of its roughly 80 creditors. A source close to Investment Dar said both sides agreed to discuss a fresh restructuring deal during this meeting, which could be proposed to creditors in the coming weeks. Kuwait Finance House (KFH), one of Investment Dar creditors, has already taken steps to pursue its own legal claims against the company. Other creditors may now decide to do the same after the failure of Dasman, some attendees at the meeting said. (Reuters)