Debt ‘vultures’ told to keep claws off Argentina
Campaigners dressed as vultures will protest outside ‘vulture fund’ Elliot Advisors on Tuesday 26 February
Argentine ship ordered to be released from Ghana
A tribunal in Hamburg has decided on Saturday that the Argentine navy ship seized in Ghana, the ARA Libertad, should be released back to the South American country. The ARA…
States of Jersey legislate against vulture funds
The parliament of Jersey, known as the States, has today passed legislation to limit the ability of vulture funds to sue some of the world’s most impoverished countries in the…
Open letter from Nobel Peace Prize winner over Vulture Fund dispute
Argentine organisations – led by Nobel Peace Prize winner Adolfo Pérez Esquivel – have denounced the violation of sovereignty and the illegitimacy of the debt claimed by vulture fund NML…
US court verdict on Argentine debt could cause chaos
A US court ruling in favour of vulture funds may force Argentina to either pay-up on unjust debt, or default on its loans to all creditors. In 2001 Argentina defaulted…
Crown dependencies introducing vulture fund bills
The parliaments of Jersey, Guernsey and the Isle of Man are all discussing legislation to prevent vulture funds suing Heavily Indebted Poor Countries for inflated claims on old debts. Laws…
Sierra Leone debt creeping up
Sierra Leone’s government external debt payments are increasing. The IMF estimates they will account for between 7 and 9 per cent of government revenue between 2012 and 2017; $30 million…
Vulture Fund in London to claim $100 million from Congo
Vulture fund FG Hemisphere is seeking to claim $100 million from the DR Congo at the UK Privy Council on Monday 28th May, on a debt it bought for just…
Vulture funds try to convince UK Government to freeze out Argentina
Lobbyists for a group of 'hold-out' investors are in London to persuade the British Government to take punitive action against Argentina to help their claims against the country.
Jersey announces plans to crack down on vulture funds
Jersey Chief Minister Ian Gorst is proposing to introduce legislation to limit vulture funds profiteering on debt claims from some of the world’s poorest countries.