Claire Hazelgrove

In order to protect developing countries from being taken advantage of by financial predators, ONE UK is urging their members to call on UK courts to extend the vulture law to the island of Jersey. In this blog post, ONE UK campaigner Claire Hazelgrove explains why vulture funds are just plain wrong.

Campaigners like you have fought against the unfair debts that crippled some of the world’s poorest countries. We rightly celebrated when debt relief helped lift some of this burden.

Now that progress is under threat.

Vulture funds make money by buying up old debt against developing countries, and using the courts to sue them for it in order to reap massive profits. That’s just wrong.

The problem is, that while the vulture funds law brought in the UK last year finally stopped this activity happening here, this doesn’t currently extend to Jersey.

Sign up now to ask the Chief Minister of Jersey to extend the UK law to their courts too.

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