INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS by Pavlidis , George

“…In recent years, there has been growing concern among politicians, the academic world and the general public about the aggressive strategies implemented by 'vulture funds' in sovereign debt markets and their negative effects, especially on the economies of developing countries. In the absence of an international mechanism for the restructuring of sovereign debt, developing countries with financial difficulties and their private creditors must negotiate in good faith to forge a fair and viable restructuring agreement. …”
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