Cuba: honest recreation of 72 million euros debt for trial, in response to Fund

Law360, London (March 4, 2021, 7:00 p.m. GMT) – Legal professionals for an funding fund on Thursday defended its determination to sue Cuba for 72 million euros ($ 86 million) in unpaid sovereign debt in a listening to in London, claiming it was not a “vulture fund” aggressively suing the nation over decades-old loans.

The funding fund is suing Cuba and its central financial institution to recuperate two unpaid loans made to the central financial institution when the nation was dominated by Fidel Castro. (iStock) Richard Waller QC, lawyer for Cayman Islands-based CRF I Ltd., responded to the nation’s accusations that it was unfairly pursuing litigation associated to Cuba’s excellent debt relief.

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