(GIN) – So-called “vulture funds” that took over a Chemical Bank loan to Liberia now stand to recoup $20 million from the struggling West African nation. The original loan, which dates back to 1978, was for $15 million.
 
The two funds, registered in the Caribbean, had asked London's High Court to grant summary judgement in the case - making Liberia liable for the debt without a full hearing. The court ruled in their favor and ordered payment to Hamsah Investments and Wall Capital Ltd. of the amount of the loan plus accumulated interest.