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Stop Vulture Fund Lawsuits: A Handbook

Autor Devi Sookun
en Limba Engleză Paperback – 31 aug 2010
This handbook distils the key lessons on best practice in negotiating loan agreements, and responding to the activities of vulture funds - funds that buy up the debt of sovereign countries at a discount in the hope of making significant profit - for the benefit of all government officials who may have to deal with these issues.
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Specificații

ISBN-13: 9781849290081
ISBN-10: 1849290083
Pagini: 127
Dimensiuni: 168 x 239 x 10 mm
Greutate: 0.3 kg
Editura: COMMONWEALTH SECRETARIAT

Notă biografică

Devi Sookun is a Mauritian lawyer and formerly ran the Commonwealth Secretariat Legal Debt Clinic.

Cuprins

Abbreviations and Acronyms Introduction PART I Briefing 1. Vulture Funds 1.1 What is a vulture fund? 1.2 The rise of vulture funds 1.3 Legal rights of vulture funds 2. Loan Agreements 2.1 What is a loan agreement? 2.2 Structure of a loan agreement 2.3 Concepts under a loan agreement 3. Lawsuits 3.1 Legal defences available to a sovereign debtor 3.2 Legal arguments supporting vulture fund claims 3.3 Effects of lawsuits PART II Actions and Responses 4. Negotiation 4.1 When is negotiation possible? 4.2 What is negotiation? 4.3 Negotiation methods 5. Debt Management 5.1 What is public debt management? 5.2 Why is public debt management important? 5.3 How to achieve effective debt management 5.4 Identifying loans which are targets for vulture funds 6. Responding to Lawsuits 6.1 Negotiation 6.2 Contractual terms 6.3 'Name and shame' campaigns 6.4 Legal support for sovereign debtors PART III Challenges and Solutions 7. Legislation 7.1 Belgian law (2008) 7.2 UK law (2010) 7.3 US law (2008 and 2009) 7.4 French law (2007) 8. International Initiatives 8.1 HIPC debt relief initiatives (1996) 8.2 Norway (1998) 8.3 G8 (2005) 8.4 The Paris Club Initiative (2007) 8.5 China (2007) 8.6 Jubilee Debt Campaign 9. Ways Forward 9.1 International framework for restructuring sovereign debt 9.2 International arbitration court 9.3 Regulatory framework for public financial management 10. Conclusion Bibliography List of Cases Annex 1. US Court Judgment in FG Hemisphere Associates, LLC v Democratic Republic of Congo and Societe Nationale D'Electricite (S.N.E.L.) Annex 2. Belgian Legislation Annex 3. The UK Debt Relief (Developing Countries) Act 2010