IOM Today reported on Tuesday that the government of the Isle of Man has banned Vulture Funds from pursuing claims through the island's courts (or should that "to be banned', I am not sure).
The Council of Ministers has agreed that the island should introduce its own legislation equivalent to the UK's Debt Relief (Developing Countries) Act 2010.
Treasury Minister Eddie Teare said: ‘We have no evidence of vulture fund activity in the Isle of Man and, as an internationally responsible country, we do not want it here. The Manx government is happy to introduce legislation to ensure that our island is not used for the disreputable business of exploiting heavily indebted poor countries.’
Excellent news! The more countries that tell the Vermin Funds to fuck off, the happier I am!
The Council of Ministers has agreed that the island should introduce its own legislation equivalent to the UK's Debt Relief (Developing Countries) Act 2010.
Treasury Minister Eddie Teare said: ‘We have no evidence of vulture fund activity in the Isle of Man and, as an internationally responsible country, we do not want it here. The Manx government is happy to introduce legislation to ensure that our island is not used for the disreputable business of exploiting heavily indebted poor countries.’
Excellent news! The more countries that tell the Vermin Funds to fuck off, the happier I am!
