ARA Libertad Sets Sail

An Argentine naval vessel detained in Ghana at the request of a hedge fund seeking payment on defaulted government bonds left the West African country on Wednesday, a port official said. The ARA Libertad, a tall sailing ship used for training, was detained on a court order obtained by NML Capital Ltd, which claims it is owed $300 million resulting Argentina's debt default in … [Read more...]

Court Orders Release of Argentine Tall Ship, ARA Libertad

By Alex Cuadros and Jonathan J. Levin The International Tribunal for the Law of the Sea ordered Ghana to immediately release Argentine naval ship ARA Libertad, which the African country had detained because of a court order obtained by NML Capital Ltd. Argentina and Ghana must bear their own costs in the dispute, the Hamburg-based court said in a ruling today on its … [Read more...]

International Tribunal to Rule on Argentine Tall Ship Case This Saturday

BUENOS AIRES--The International Tribunal for the Law of the Sea will deliver its ruling Saturday on a demand by Argentina that Ghana immediately release an Argentine navy training vessel seized in a dispute with creditors. The ruling will be read at 3 p.m. Hamburg time, or 1400 GMT, the tribunal said in a press release Thursday. Argentina wants the tribunal to order Ghana … [Read more...]

Tribunal Will Hear Out Argentine Tall Ship Dispute

BUENOS AIRES--The International Tribunal for the Law of the Sea has proposed holding hearings Nov. 29-30 in a dispute between Argentina and Ghana over a seized navy vessel, Argentina's foreign ministry said in a statement Friday. Representatives from Argentina, Ghana and the tribunal held a teleconference Friday, two days after Argentina lodged a complaint against Ghana … [Read more...]

Argentina Takes ARA Libertad Case to UN Tribunal

BUENOS AIRES--Argentina lodged a complaint against Ghana with the International Tribunal for the Law of the Sea Wednesday, demanding that the West African country immediately release an Argentine navy training vessel seized last month in a dispute with creditors. The complaint comes a week after a tense showdown at the Ghanaian port of Tema, where Argentine sailors drew … [Read more...]