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Cuba’s reasons in London, facing a vulture fund

Starting on January 23, according to a Cuban media report, the London, United Kingdom-based High Court of Justice (HCJ) will hold the hearing involving a lawsuit against Banco Nacional de Cuba (BNC) and the Republic of Cuba filed by CRF I Ltd (CRF), an investment fund incorporated in the Cayman Islands, which claims to be the holder of two financial instruments of Cuban public debt lingering from 1984, while BNC maintains that CRF is a vulture fund that is not and never has been a creditor of Cuba.

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