BusinessInsider’s Linette Lopez writes: The International Tribunal of the Sea in
Hamburg has ruled that Ghana must return Argentina's naval vessel, the ARA
Libertad, immediately MercoPress reports.
The boat has been impounded since October 2nd, when hedge
fund manager Paul Singer got a Ghanaian Court to rule that the boat be detained
because of Argentina's outstanding debt to him, and a number of other hedge
fund managers. A bail was set for $20 million.
Argentina filed suit with the International Tribunal of the
Sea to get their vessel back in mid November. The Court said that it would
decide on the matter by December 15th, and Judge Shunji Jenai's ruling was firm
(from MercoPress):
“Ghana must release with no conditions the frigate,
guaranteeing that the vessel, its captain and the crew can leave the port of
Tema and ensuring their provision” said the unanimous ruling…...
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