Stop Vulture Fund Lawsuits: A Handbook
Synopsis
Vulture funds, funds that buy up the debt of sovereign countries at a discount in the hope of making significant profits, have caused considerable problems to a number of highly indebted countries. The Commonwealth Secretariat’s Legal Debt Clinic advises governments on best practice in negotiating loan agreements, and how to respond to the activities of vulture funds. This handbook distils the key lessons from that work, for the benefit of all government officials who may have to deal with these issues.
Chapters
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Abbreviations and Acronyms
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Introduction
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Vulture Funds
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Loan Agreements
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Lawsuits
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Negotiation
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Debt Management
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Responding to Lawsuits
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Legislation
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International Initiatives
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Ways Forward
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Conclusion
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Bibliography
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List of Cases
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US Court Judgment in FG Hemisphere Associates, LLC v Democratic Republic of Congo and Société Nationale D'Electricité (S.N.E.L.)
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Belgian Legislation
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The UK Debt Relief (Developing Countries) Act 2010
Published
29 July 2010
Categories
Copyright (c) 2010 Commonwealth Secretariat
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
