Stop Vulture Fund Lawsuits

A Handbook

image of Stop Vulture Fund Lawsuits

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.



International Initiatives

Heads of government, civil society, the IMF and the World Bank have condemned the behaviour of vulture funds. Ongoing lawsuits have highlighted an increasing need for support from the international community. One successful step has been an increase in debt relief, which has ultimately prevented many bilateral creditors from selling their claims to the vulture funds. This has in turn helped to avoid many lawsuits.


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