Turning the tables on the birds of prey
There has been a spate of vulture funds mounting legal cases against borrowers - but many of their targets have responded by suing them in return
When pressed on the subject, vulture funds maintain that litigation is always a last resort when it comes to recovering debt. At best, they say, court actions are a necessary means of bringing uncooperative borrowers to the table for negotiations. So how do we explain the recent blitz of debt enforcement actions at High Court level by firms owned by US investment giants CarVal and Cerberus?
It would call into question the “last resort” ...
