UN Human Rights Expert Welcomes British Law to Stop Predatory Financial Funds

NEW YORK–(ENEWSPF)–20 April 2010 – A United Nations human rights expert on foreign debt today welcomed a landmark debt relief law in the United Kingdom which limits the ability of so-called “vulture funds” to sue the world’s poorest countries in British courts for repayment of debts, saying they could have ramifications for a recent court verdict involving Liberia.

“This law marks the first occasion on which a country has banned profiteering by vulture funds,”…