Companies taking legal actions against the poorest countries

At least 54 companies are known to have taken legal action against 12 of the world’s poorest countries in recent years, for claims amounting to over US$1.8bn. Examples:

1)      Greylock Global Opportunity Based in the British Virgin Islands

Parent: Greylock Capital Management

Sued Nicaragua  Won $50.9 million judgment

2)      FG Hemisphere  Based in the U.S.

Parent: FG Capital Management

Sued Congo Republic  Won $151.9 million judgment

Sued Dem. Rep. Congo  Won $81.7 million judgment

3)      Kensington International  Based in the Cayman Islands

Parent: Elliott Management

Sued Congo Republic  Won $118.6 million judgment

4)      Donegal International  Based in the British Virgin Islands

Parent: Debt Advisory International

Sued Zambia  Won $15.4 million judgment

5)      Grace Church Capital  Based in the Cayman Islands

Parent: Not Available

Sued Cameroon  Still in court, seeking $39.7 million

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