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What possibilities for the States to stop the vultures funds?

Added 06 Oct 2014
Argentina has fallen prey to a bunch of hedge funds known as ’vulture funds’. Taking advantage of the precarious financial situations of some States, these vulture funds buy debts at a discounted price on a secondary market and then sue the debtors for the initial amount to which they add interests, penalties, and legal expenses. Argentina is not the only country affected by this kind of legal swindle. Some African and European countries have been already attacked as well. This is why it is critical that laws against vulture funds are passed and that the illegitimate debts of those countries are call into question as soon as possible.

Partenships: Olga Zrihen (senator), Ahmed Laaouej (federal MP)

Confirmed collaborations  : EURODAD, CNCD-11.11.11, Koepel van de Vlaamse Noord-Zuidbeweging – 11.11.11

Date : Mardi 28 octobre 2014 de 9h15 à 16h30

Venue: MP’s House (Belgian federal parliament), 21 rue de Louvain, 1000, Brussels

Languages: French, English, Spanish

Free entry with compulsory registration:
Registrations due by October 21th: write to Maud Bailly by specifying your name, surname and your organisation (optional): maudbailly at cadtm.org ; 0032 (0) 485 51 22 89

Seminar program

Introduction (9:15-10:15 am)

Renaud Vivien (CADTM Belgium)

Ahmed Laaouej (federal MP), Olga Zrihen (senator)

1st Panel : The Argentinean case: balance and perspectives (10:15-11:30 am)

Moderation: Jan Van de Poel (11.11.11)

Mario Cafiero (former Argentinian MP, President of the political party “Proyecto Sur”, coauthor of the book La Argentina Robada, and of many other analyses on Argentinian external debt)

Maria Elena Saludas (ATTAC-CADTM Argentina)

Coffee breack: 11:30-11:45 am

2nd Panel: Review matters of the existing laws against vulture funds (11:45am- 1:00 pm)

Moderation: Antonio Gambini (CNCD-11.11.11)

Tim Jones (Jubilee Debt Campaign UK)

Louise Abellard (jurist, specialised into vulture funds)

Lunch Break: 1-1:45 pm

3rd Panel: How to enforce the struggle against vulture funds and illegitimate debt at the Belgian, European and international levels (1:45-4:00 pm)

Moderation: Emilie Paumard (CADTM Belgium)

Tiago Stichelmans (EURODAD)

Dominique Mougenot (Belgian magistrate and Senior Lecturer at Law Faculty in Namur)

Cephas Lumina (Zambian lawyer and former UN Expert on debt between 2008 and 2014)

Georges Katrougalos (Greek jurist and MEP)

Seminar sum up by Claude Quémar (CADTM France) (16-16:15 pm)