There has also been anger that the brief statement announcing the hoped-for standstill was made just as the region was heading into the Eid al-Adha holiday, leaving investors without access to further information for days.
Best Buy had asked for a standstill of 18 months, and then a one-year standstill.
This is the main reason Mr. Ackman is resisting Canadian Pacific's request for a standstill.
That is just part of the $26 billion of debt that its parent group, Dubai World, is now seeking to restructure, having asked for a standstill on repayments.
And Mr. Cuomo may be blamed for the standstill as talk of political dysfunction and a failed museum dominates news media coverage of the 11th anniversary.
The fallout came swiftly after yesterday's statement that Dubai's main development engine, Dubai World, would ask creditors for a "standstill" on paying back its 60 billion dollar debt until at least May.
Despite the tension between the parties, world markets partially recovered their losses from last week, when Dubai World called for the standstill just before a Muslim holiday, leaving an information vacuum that exacerbated investors' concerns.
In early 2009, an announcement that Dubai World was looking for a standstill agreement on $59 billion of liabilities — along with a little more shaky debt from the emirate itself — would have been just another worry.
The rest is held by local banks, which are inclined to support Dubai World's request for a standstill as long as it means they will not have to take a loss on their holdings.
