Dechert, Funds Win New York Debt Fight with Africa's DRC

, The Litigation Daily


More than 20 years after Zaire (now the Democratic Republic of Congo) defaulted on loans from Citibank NA and other banks, a U.S. judge ordered the poverty-stricken nation to pay a combined $69 million to two hedge funds that snatched up the country's debt.

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202662708894

Thank you!

This article's comments will be reviewed.