The 8-day case will be closely watched by other creditors who between them have struggled to recoup an estimated $7 billion of defaulted loan from Havana.
Cuba's authorities have labelled CRF a "vulture fund" and said in their legal argument ahead of the case that the English Court had "no jurisdication" to try CRF's claims. "We are still ready to talk to the other side - even at this late stage," CRF Chairman, David Charters, told Reuters. In 2015, Havana reached a deal with members of the Paris Club of creditor nations that saw roughly three-quarters of that debt written off. But having not dealt with its commercial creditors in the so-called London Club the country remains shut out of international capital markets.
you're gonna pick me,
Comunistas ladrones