In November 2011 article by '' The Guardian '' , Jubilee Debt Campaign was mentioned . It has fought a long battle against vulture funds , where a company buys up debts or securities in a distressed environment , and then sues for the full amount ' owing ' . JDC campaigned against lawsuits by a company called Donegal International , which sued Zambia in 2007 and two other vulture funds against Liberia in 2009 . The campaign led to a Debt Relief Act being passed in 2010 which banned vulture funds collecting disproportionate settlements in the UK . However , the Act did not apply in Crown dependencies such as the Channel Islands . In 2010 a court in Jersey awarded $ 100 million to a vulture fund called FG run by a New York financier called Peter Grossman . He had reportedly bought the old debt which was owed by the Democratic Republic of Congo to Yugoslavia for $ 3 million . Tim Jones , of Jubilee Debt Campaign , went to Jersey in November 2011 to ask them to ban vulture funds there too . He told '' The Guardian '' : " The DRC is the second poorest country in the world . The country desperately needs to be able to use its rich resources to alleviate poverty , not squander them on paying unjust debts to vulture funds left by the dictator Joseph Mobutu . Jersey has to shut vulture funds down . " Jubilee Debt Campaign was also in the news in January 2010 , calling for the complete cancellation of Haiti 's debts after a huge earthquake hit the country
earthquake
2010 Haiti earthquake
Jubilee Debt Coalition