Vulture Activity on the Rise

A great piece written by Aldo Caliari, our Board Co-chair and Director of Rethinking Bretton Woods Project, on RightingFinance. 

By Aldo Caliari 

At its 14th session, last February, the Human Rights Council Advisory Committee (“the Advisory Committee”) addressed for the first time the impacts of so-called vulture funds on human rights. “Vulture fund” is a generic name used to designate financial entities that use as a profit-making strategy the purchase of distressed debt owed by a sovereign debtor – that is, a State- on the cheap with the purpose of suing for the full amount once conditions for repayment improve. 

Read the full story here.