Vulture Funds

07.08.2014

Argentina Contacts US Banks

Argentina Contacts US Banks

Buenos Aires, Aug 6 (Prensa Latina) Argentina is in contact with the Citibank and the Bank of New York to timely transfer its payments to the creditors that agreed to restructure the country”s debt and that were blocked by [US] Judge Thomas Griesa. The decision was notified the eve… »

17.07.2014

Argentina Deplores Announcement on Vulture Funds

Argentina Deplores Announcement on Vulture Funds

Buenos Aires, Jul 16 (Prensa Latina) The Argentine Government deplored today a paid announcement on the vulture funds published by the Clarin and La Nacion newspapers asserting that the country undergoes a technical suspension of payments. Jorge Capitanich, Chief of the Cabinet of Ministers, asserted this morning that Argentina does… »

27.06.2014

Argentina Government Highlights World Support against Vulture Funds

Argentina Government Highlights World Support against Vulture Funds

Buenos Aires, Jun 26 (Prensa Latina) The head of the Argentinian Cabinet, Jorge Capitanich, today thanked the international community for its increasing clear, strong, and longstanding support in his country´s fight against vulture funds. Capitanich highlighted the recent support given by the Group 77 plus China which unanimously expressed… »

19.06.2014

Argentina Alleges Extortion After Supreme Court Sides with Vulture Funds Preying on Sovereign Debt

Argentina Alleges Extortion After Supreme Court Sides with Vulture Funds Preying on Sovereign Debt

Democracy Now! We look at a case that is being called the “trial of the century” in how poor countries repay sovereign debt. This week, the U.S. Supreme Court rejected an appeal from Argentina over its $1.5 billion debt in a ruling critics say validates predatory behavior by so-called… »

25.03.2014

Argentina Gets More Support in Litigation over Vulture Funds

Argentina Gets More Support in Litigation over Vulture Funds

Buenos Aires, Mar 25 (Prensa Latina) Argentina got more support before the deadline set by the U.S. Supreme Court, where it filed an appeal against a New York judge”s ruling favoring vulture funds that might have unpredictable consequences. On Monday, when the deadline was set, Nobel Prize winner Joseph… »

15.11.2013

Little vultures and the Occupy crusade that both helps and educates

Little vultures and the Occupy crusade that both helps and educates

We have all heard by now of Vulture Funds, those that buy cheaply poor countries’ debt, eg, from the IMF or the World Bank, and then pursue the debtor though international courts to force it to pay back in full. The money may come from development loans, or the first… »

30.10.2013

The UK Cooperative Bank takeover by US hedge funds

The UK Cooperative Bank takeover by US hedge funds

Article published by Occupy London, Economics Working Group “The Co-op Bank: Mutual or Burst Since the appalling news of a Co-op Bank takeover by US hedge “vulture” funds (Aurelius Capital and Silver Point Capital) a growing body of Co-op members and bank customers are rallying to… »

11.10.2013

Inter American Development Bank (IADB), Argentina and vulture funds

Inter American Development Bank (IADB), Argentina and vulture funds

IADB MEETING IN WASHINGTON Minister Lorenzino from Argentina warned about vulture funds negative impact on the financial system Economy Minister Hernán Lorenzino warned on the negative impact that vulture funds might have on the international financial system, during an encounter organized by the Inter American Development Bank (IADB). »

28.10.2012

US Vultures flying over Argentinean naval ship stranded at Ghanaian port

US Vultures flying over Argentinean naval ship stranded at Ghanaian port

The sailing Frigate Libertad is being held at a Ghanaian port by a US-based investment (vulture) fund in dispute over Argentinean debts. The Ghanaian high court has ruled on the case to determine whether the Libertad is allowed to sail on, that Argentina had waived sovereign immunity when it contracted… »

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