27 June 2011

The Poor Mouth: Vulture Funds Act made permanent

The Poor Mouth: Vulture Funds Act made permanent: "It seems to have gathered little or no coverage at the time but it very leasing to see that The Debt Relief (Developing Countries) Act 2010 was made permanent last month.

The main effect of the act was to prevent creditors from using British courts to seek harsh payments from some of the poorest and most vulnerable countries for debts that the likes of vulture funds may have bought for a fraction of the cost."

Well, that's at least one good thing that the Tory/LibDem government in the UK have done.


James Higham said...

This is a most important development and one which needs to be written up on.

jams o donnell said...

I was concend that it might be left to fall into abeyance but credit is due to the current government for making the act permanent


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