1887

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.

English

.

Negotiation

If lawsuits should always be a last resort, what action can countries take to avoid them? Loan negotiation is an essential option at every stage during a loan cycle until all obligations are met and fulfilled. This chapter looks at what is meant by negotia - tion, and at when and how it can be used to obtain the best possible terms and conditions in a loan agreement with a view to avoiding lawsuits in the long term. It also provides an introduction to negotiation techniques for the purposes of capacity building among government officials in HIPC countries.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error