Cuba's €72M Debt Fair Game For Lawsuit, Fund Says

Law360, London (March 4, 2021, 7:00 PM GMT) -- Lawyers for an investment fund on Thursday defended its decision to sue Cuba for €72 million ($86 million) in unpaid sovereign debt at a hearing in London, arguing it's not a "vulture fund" aggressively pursuing the country over decades-old loans.

The investment fund is suing Cuba and its central bank to collect two unpaid loans made to the central bank when the country was run by Fidel Castro. (iStock) Richard Waller QC, counsel for the Cayman Islands-based fund CRF I Ltd., hit back at the country's accusations that it was unfairly proceeding with litigation connected to Cuba's outstanding debt.

The fund...

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