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Donegal International

MPs move to outlaw Vulture Funds

Former UK ministers and MPs from all UK parties are set to back a bill later on Wednesday outlawing the activities of vulture funds, hedge funds which

Bush Could Block Debt Collection by 'Vulture' Funds

by Ashley Seager, Economics Correspondent
Thursday February 22, 2007
Guardian (London)
President Bush could come to the aid of Zambia against a so-called “vulture” fund demanding millions of dollars in debt payments. He is reported to be concerned that investors from the Washington DC area won a court case in Britain last week which enabling them to claim $20m to $40m (£20m) from the poor African nation – as much as it has received in debt relief from rich countries in recent years.

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