15 December 2012

ARGENTINA / USA / GHANA /GERMANY: UN Court Orders Impounded Naval Sailing Ship Freed.


     President Cristina Fernandez finally won a victory over a 'vulture' hedge funds she despises.
     A Hamburg based UN tribunal court ruled that the sailing vessel...'Libertad'...held in Accra since October...must be freed by 22 December.
    The court ruled the training ship was  a military vessel.
     Libertad had been held on a legal motion filed by NYC hedge fund NML.
     NML demanded Buenos Aires pay some of the $370 million owned after Argentina's $100 billion 2001 default.