Hedge funds plan to take legal action against Greece if it forces bond reduction

Note: This section contains information in English only.
Source: Forexfactory
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 without guarantee of the payoff and may impact reputation of hedge funds.

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Thu, 19 Jan 2012 11:45:22 GMT

Crude oil jumped on improved outlook for China

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Thu, 19 Jan 2012 11:01:23 GMT

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