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Extending The Debt Relief (Developing Countries) Act 2010

EDM number 1680 in 2010-12, proposed by Frank Field on 30/03/2011.
Categorised under the topic of International development.

That this House welcomes the Government's decision to make the landmark Debt Relief (Developing Countries) Act 2010 permanent; notes that the Act currently applies only to each part of the United Kingdom and that poor developing countries therefore remain vulnerable to the possibility of being sued by vulture funds for excessive claims in courts located in other British territories; expresses concern that in November 2010 a US vulture fund, FG Hemisphere Associates LLC, circumvented the UK law and won a $100 million judgement against Democratic Republic of Congo in a Jersey court for a debt the firm bought in 2003-04 for just $37 million, and which was incurred during the rule of dictator Mobutu Sese Seko in the 1980s; and therefore calls on the Government to extend the Act's remit to all British Crown Dependencies and Overseas Territories, and to also continue taking a global lead on this issue by working with the US and France, which together now account for the majority of legal actions lodged by vulture funds, to see similar legislation adopted in those two countries.

This motion has been signed by a total of 66 MPs.

Frank Field30/03/2011BirkenheadLabourProposed
Andrew Gwynne30/03/2011Denton and ReddishLabourSeconded
Virendra Sharma30/03/2011Ealing, SouthallLabourSeconded
Peter Bottomley30/03/2011Worthing WestConservativeSeconded
Paul Goggins30/03/2011Wythenshawe and Sale EastLabourSeconded
Bob Russell30/03/2011ColchesterLiberal DemocratSeconded
Nigel Dodds30/03/2011Belfast NorthDUPSigned
Michael Weir30/03/2011AngusScottish National PartySigned
Mike Hancock30/03/2011Portsmouth SouthLiberal DemocratSigned
Mark Durkan30/03/2011FoyleSocial Democratic and Labour PartySigned
Jim Dowd30/03/2011Lewisham West and PengeLabourSigned
Naomi Long30/03/2011Belfast EastAllianceSigned
Kate Hoey30/03/2011VauxhallLabourSigned
Martin Caton31/03/2011GowerLabourSigned
Angus MacNeil31/03/2011Na h-Eileanan an IarScottish National PartySigned
Jim Dobbin31/03/2011Heywood and MiddletonLabourSigned
Jeremy Corbyn31/03/2011Islington NorthLabourSigned
Alan Meale31/03/2011MansfieldLabourSigned
John McDonnell31/03/2011Hayes and HarlingtonLabourSigned
Elfyn Llwyd31/03/2011Dwyfor MeirionnyddPlaid CymruSigned
Jim Shannon31/03/2011StrangfordDUPSigned
Glenda Jackson01/04/2011Hampstead and KilburnLabourSigned
Tony Lloyd04/04/2011Manchester CentralLabourSigned
Michael Connarty04/04/2011Linlithgow and East FalkirkLabourSigned
Andrew George05/04/2011St IvesLiberal DemocratSigned
John Hemming05/04/2011Birmingham, YardleyLiberal DemocratSigned
Gerald Kaufman26/04/2011Manchester, GortonLabourSigned
John Leech26/04/2011Manchester, WithingtonLiberal DemocratSigned
Roger Godsiff26/04/2011Birmingham, Hall GreenLabourSigned
Mary Glindon28/04/2011North TynesideLabourSigned
Richard Burden03/05/2011Birmingham, NorthfieldLabourSigned
Lady Hermon11/05/2011North DownIndependentSigned
Lisa Nandy18/05/2011WiganLabourSigned
Dennis Skinner22/06/2011BolsoverLabourSigned
Bill Esterson22/06/2011Sefton CentralLabourSigned
Mike Gapes22/06/2011Ilford SouthLabourSigned
Anne Begg22/06/2011Aberdeen SouthLabourSigned
Frank Dobson23/06/2011Holborn and St PancrasLabourSigned
Michael Crockart23/06/2011Edinburgh WestLiberal DemocratSigned
Jimmy Hood27/06/2011Lanark and Hamilton EastLabourSigned
Jim Cunningham27/06/2011Coventry SouthLabourSigned
Louise Ellman27/06/2011Liverpool, RiversideLabourSigned
John Thurso27/06/2011Caithness, Sutherland and Easter RossLiberal DemocratSigned
Kate Green27/06/2011Stretford and UrmstonLabourSigned
Joan Ruddock28/06/2011Lewisham, DeptfordLabourSigned
Andrew Miller28/06/2011Ellesmere Port and NestonLabourSigned
Frank Doran28/06/2011Aberdeen NorthLabourSigned
Dai Havard29/06/2011Merthyr Tydfil and RhymneyLabourSigned
Caroline Lucas29/06/2011Brighton, PavilionGreenSigned
Hywel Williams30/06/2011ArfonPlaid CymruSigned
Stephen Lloyd30/06/2011EastbourneLiberal DemocratSigned
Jeffrey M Donaldson30/06/2011Lagan ValleyDUPSigned
Mike Wood04/07/2011Batley and SpenLabourSigned
Emma Reynolds04/07/2011Wolverhampton North EastLabourSigned
Tessa Munt04/07/2011WellsLiberal DemocratSigned
Michael Meacher05/07/2011Oldham West and RoytonLabourSigned
Tony Cunningham05/07/2011WorkingtonLabourSigned
Pete Wishart05/07/2011Perth and North PerthshireScottish National PartySigned
Alex Cunningham05/07/2011Stockton NorthLabourSigned
Debbie Abrahams05/07/2011Oldham East and SaddleworthLabourSigned
Sandra Osborne06/07/2011Ayr, Carrick and CumnockLabourSigned
Jennifer Willott06/07/2011Cardiff CentralLiberal DemocratSigned
Marsha Singh11/07/2011Bradford WestLabourSigned
Martin Horwood13/07/2011CheltenhamLiberal DemocratSigned
Barry Sheerman19/07/2011HuddersfieldLabourSigned
Joan Walley20/10/2011Stoke-on-Trent NorthLabourSigned

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