Header Image Mobile Header Image

Publications

12/15/2021

PAIN AND PROFIT IN SOVEREIGN DEBT: HOW NEW YORK CAN STOP VULTURE FUNDS FROM PREYING ON COUNTRIES

Vulture funds have spent decades honing a predatory playbook designed to extract maximum profits out of struggling, debt-ridden countries.The vulture fund business model involves buying up heavily discounted debt from countries in financial trouble, refusing to engage in good faith negotiations to cut debt obligations by a reasonable amount, and then suing the country to demand full repayment.