Argentine leader orders evacuation of ship seized in Ghana

[Bosonic]

Source: Reuters

Argentina's president on Saturday ordered 326 sailors to evacuate a Navy frigate that was seized in Ghana to help bondholders try to recoup debts from the South American country's 2002 default.

The Libertad, a training frigate, was detained in the Ghanaian port of Tema on October 2 under a court order obtained by NML Capital Ltd, an affiliate of investment firm Elliott Management.

The firm says Argentina owes it over $300 million on defaulted sovereign bonds and it will only release the ship if the country pays it at least $20 million.

...

Argentina has condemned the seizure, said it could not be targeted by creditors due to the ship's military nature, and vowed to press its case at the United Nations. A Ghanaian court ruled that Argentina forfeited such immunities when it issued the bonds.

Read more: http://www.reuters.com/article/2012/10/20/us-argentina-ghana-ship-idUSBRE89J0HJ20121020

[naaman fletcher]

1. without knowing more...

The number one rule in a property dispute is to never abandon the property.

That being said, Accra is one of the best places for a young male to be stranded.

[hourglass1]

2. Elliot Management

is a vulture fund founded by mitt romnesia's billionaire superpac funder and ryan sugardaddy paul singer ...

[99th_Monkey]

3. Small world. Are there ANY rotten fascist intrigues that the Raw-money clan isn't invested in? nt

[Turbineguy]

4. Ah yes......

the guys who will be taking your social security if Romney gets in.