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High Court to rule on US hedge fund Firebird’s Nauru claim

The Australian – The US hedge fund pursuing the Republic of Nauru for millions of dollars owed in bonds will take the fight to the Australian High Court in a move that could still bankrupt the island nation.

American hedge fund Firebird is claiming Nauru still owes $31 million from bonds the tiny nation issued on the Japanese stock exchange in the late 1980s.

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