New York State Lawmakers Reintroduce Bill to Limit Legal Claims on Distressed Sovereign Debt
New York state lawmakers have reintroduced legislation to limit investors' ability to sue for full repayment on distressed sovereign debt, aiming to curb the influence of 'vulture funds.' The bill would amend champerty laws and reduce pre-judgment interest rates, potentially affecting hundreds of billions in global sovereign debt governed by New York law.
Topics: champerty law distressed debt legal reform sovereign debt vulture funds