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文章

2010年11月3日

作者:
Michael J. Kavanagh, Bloomberg

Congo, U.S.-Controlled Venture Lose $100 Million Vulture Claim

A court in Jersey ordered a joint venture...to pay a distressed-debt investor more than $100 million dollars owed by the Democratic Republic of Congo. Groupement de Terrils de Lubumbashi [GTL], must send “all future payments” owed to one of its partners, Congolese state-owned miner Gecamines, to FG Hemisphere Associates LLC until it satisfies a debt claim...FG Hemisphere, a so-called vulture fund, is trying to collect on a 1980s-era debt owed by Congo...Gecamines Director General...called the decision “incredible and revolting”...FG Hemisphere bought the debt in 2004 from Energoinvest d.d....Since [then], FG Hemisphere has frozen hundreds of millions of dollars owed to Congo through court cases...FG Hemisphere...wouldn't comment on the decision...Vulture funds buy debts at a discount when a country is in default and attempt to recoup as much of the funds as possible through negotiation or litigation.