We are off on our first family holiday in five years. I am more excited than the kids. We will be gone a month and during that time almost entirely off the grid. Before we go I wanted to say thank you – to all of you who come to the blog to read and …
In parts one and two I looked at how Argentina came to default and at how Vulture funds manage to take entire nations to court and contrive to enforce court judgements upon them. They were concerned with history and the law of sovereign defaults. In this last part I want to look more broadly at …
Argentina and America – of Vulture Funds and Justice. Part Three Read More »
Sub -level Three. Vulture world. Without carrion eaters the world would be strewn with corpses. Vultures eat the dead. Vulture funds, however, eat the still living. Argentina defaulted on its debts. It borrowed money, said it would pay it all back, signed contracts binding it to that promise and then reneged. It forced its creditors …
Argentina and America – of Vulture Funds and Justice. Part 2 Read More »
Argentina told to pay hedge funds $1.3bn Was the headline in the FT on Thursday 22nd November 2012. The judge who made the ruling, Thomas Griesa, said “After 10 years of litigation this is a just result.” I’m not so sure. In my opinion the headline and the ruling it reports are just the tip of a …
Argentina and America – of Vulture funds and Justice Read More »
