Indebted Kuwaiti financial firm Investment Dar is seeking court approval to help close a 813 million dinar ($2.7 billion) debt restructuring, according to an official document seen by Reuters. The new plan, called Dasman, is designed to overcome minority creditor dissent to earlier proposals by asking Kuwait's Court of Appeal to impose the deal on all creditors. The plan involves transferring Investment Dar's assets, and the management of their disposal, directly to creditors. It is the latest effort by the company, which holds assets in sectors including finance and property, to pay off creditors after becoming indebted during the financial crisis. The company was reorganised under Kuwait's Financial Stability Law, which was introduced in 2009 to assist corporate debt negotiations in the absence of effective insolvency rules. After signing a deal in 2011 covering about 1 billion dinars, it paid off some creditors. Others took up a settlement-in-kind offer swapping debt for a share in a pool of assets, which included its stake in luxury carmaker Aston Martin. But a subsequent debt-for-assets offer tabled last year was rejected by a minority of creditors. They included Kuwait Finance House, the Gulf state's largest sharia-compliant bank by assets, and the holder of about six percent of the debt that Investment Dar is seeking to restructure. Read more.