Cuba Creditor Hires Lawyer Who Won Argentina Debt Settlement
- London Club member trying to recover $1.3 billion from Cuba
- Creditors had offered to restructure commercial loans
Tourists pass the National Capitol Building in Havana on Jan. 30, 2018.
Photographer: Francesco Pistilli/BloombergThis article is for subscribers only.
An investment fund that’s seeking a payout from the Cuban government on more than $1.3 billion in defaulted debt and back interest has hired the lawyer who won a settlement for hedge funds in a long-running legal battle against Argentina.
CRF I Ltd. contracted Matthew McGill, a partner with Gibson, Dunn & Crutcher, to represent it in its claim against Cuba “including potential litigation,” according to a letter from the firm provided to Bloomberg News by a fund investor. McGill will be joined by Charles Falconer, the former British secretary of State for Justice, according to the letter.