African legal fund to help tackle vultures

The Financial Times reports that the African Development Bank launched a legal support organisation on Monday "designed to level the playing field for cash-strapped African states negotiating complex commercial transactions or facing litigation by vulture funds". This is something Jubilee Debt Campaign has been calling for since the Zambia v Donegal case in 2007, and the UK Government has been working behind the scenes to push it forward. However, legal assistance doesn't prevent the vultures attacking in the first place - see our End the Vulture Culture campaign to find out why the law needs to be changed.

Read the article in full: African plan to keep vulture funds at bay