UN Process Could Limit Default and Stop Predatory Funds The United Nations voted 128 to 16 to formally begin negotiations to create a global bankruptcy process. This resolution comes after the UN General Assembly voted in favor of a legal bankruptcy framework for countries in September. The UN framework could prevent global financial crises, limit country … [Read more...] about United Nations Votes for Process to Create Global Bankruptcy Framework
UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds
The UN General Assembly votes Tuesday at 3pm (EDT) on a resolution that could create a global bankruptcy mechanism. Such a process could protect poor countries from predatory funds and limit future defaults. Jubilee USA's leadership, a group of religious leaders and financial experts sent a letter to United States UN Ambassador Samantha Power urging her to … [Read more...] about UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds
UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds
The UN General Assembly votes Tuesday at 3pm (EDT) on a resolution that could create a global bankruptcy mechanism. Such a process could protect poor countries from predatory funds and limit future defaults. Jubilee USA's leadership, a group of religious leaders and financial experts sent a letter to United States UN Ambassador Samantha Power urging her to … [Read more...] about UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds
UN Treaty Could Enact Global Bankruptcy Process and Stop Predatory Funds Jubilee USA Urges and Prays for US Support
The UN General Assembly votes Tuesday on a convention that could enact a global bankruptcy process and stop predatory hedge funds. Bolivia proposed the resolution that if voted upon is expected to pass by a majority. The executive board officers of Jubilee USA sent United States UN Ambassador Samantha Power a letter urging her to support the resolution. … [Read more...] about UN Treaty Could Enact Global Bankruptcy Process and Stop Predatory Funds Jubilee USA Urges and Prays for US Support
Banks and Investors Call for New Debt Rules In Wake of Argentina Hedge Fund Case
The International Capital Market Association (ICMA), a group of banks and investors, will call Friday for reforms aimed at preventing repeats of the Argentina/NML Capital debt dispute. The ICMA's plan would reduce the ability of hold-out creditors to litigate and undermine debt restructurings, in part by using contract clauses to bind all bond-holders to … [Read more...] about Banks and Investors Call for New Debt Rules In Wake of Argentina Hedge Fund Case
