Dubai’s Limitless to hire advisers as third restructuring looms

Dubai’s Limitless to hire advisers as third restructuring looms

Company is unable to pay accrued profit at the end of the month, according to reports. Limitless is still struggling to repay its debt more than a decade after it rescheduled payments during the global financial crisis.. The company told creditors that it's in the "final stages" of engaging advisers to work on a restructuring plan as it's "unable to pay accrued profit at the end of March," according to a letter sent to banks and seen by Bloomberg..