Vulture funds

The vultures that want to bring Argentina to its knees

17 April 2012 - by Stéphanie Jacquemont

Argentina has recently been assaulted on several fronts. These attacks are related to the 2001 suspension of payment on its external debt and to cases brought against the country before the ICSID (International Centre for the Settlement of (...)
Great Britain. Osborne must stop the Greek vultures

12 March 2012 - by Jubilee Debt Campaign

Campaigners tell Chancellor to legislate against vulture funds taking action against Greece in British courts Global justice campaign group Jubilee Debt Campaign has warned the British Government that London courts could be used by vulture (...)
Europe should learn from Argentina’s experience of fighting off vultures, before it’s too late

11 August 2011 - by Nick Dearden

Last year we won a campaign against what we call vulture funds - companies that buy up defaulted developing country debt cheaply in order to sue the country concerned for the full value of that debt. These companies have blighted countries like (...)
FG Hemisphere vulture fund’s latest victory against the Democratic Republic of Congo (DRC). What is Belgium doing?

2 January 2011 - by Renaud Vivien

Vulture funds continue to wreak havoc in the countries of the South. Democratic Republic of Congo (DRC) has to pay the price by losing a new lawsuit against the FG Hemisphere Hedge Fund before a court in Jersey. Unfortunately, this new wound was (...)
Green shoots amidst debt chaos

4 December 2007 - by Eric Toussaint

December 2007 As regards North/South relations, we are at present in a situation which is exactly the opposite of the financial crises of the past 25 years. The credit bubble has begun to deflate and is moving towards the developing countries (...)
G8 and IMF Hinder Aid for Zambia While Vultures Attack
2 Years After Gleneagles Promises on Debt, Vulture Funds Undermining G8 Debt Deal

Jubilee Zambia * Jubilee USA Network * Jubilee South * Erlassjahr.de * Jubilee Australia * Eurodad * Afrodad * Oil Change International * PAPDA * CADTM Campaigners Demand Immediate G8 Action to Declare Vulture Fund Profiteering Illegal (...)