Thu, 19 Jan 2012 11:45:11 GMT
Hedge funds plan to take legal action against Greece if it forces bond reduction
Hedge funds may sue Greece in the European Court of Human Rights to force the country to repay full amount of its debts. The country may be sued for violating bondholder rights or property rights as Greece wants to change the terms of bonds so that investors will receive less than they lent. However, the lawsuits can take multiple years