Yesterday, the Parliament of Jersey passed legislation that limits the ability of vulture funds to sue some of the world’s most impoverished countries in Jersey courts.[i] The legislation passed with 41 votes in favor, none against and one abstention, [ii] putting Jersey at the forefront of this issue with only one other country - the UK - with anti-vulture fund legislation. The bill will become law after it receives Royal Assent by the UK Privy Council, which normally takes several months.[iii]
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