Dubai World has announced it has secured support from all its creditors for a $25bn debt restructuring plan, Reuters has reported. The creditors’ approval would help the state-owned conglomerate avoid having to go through the special tribunal set up to hear creditor claims, a process lawyers had said could have pushed back the restructuring for an indeterminate amount of time. Dubai World announced last month that it had reached agreement with 99% of its creditors by value.