Tag: ARA Libertad

ARA Libertad
Monday, July 25th 2016 - 10:03 UTC

Argentina's tall ship frigate “Libertad” calls in Liverpool, first time in 24 years

The majestic Libertad arrived in Liverpool in style to the sound of The Beatles, the crew band had been practicing Yellow Submarine since leaving Argentina.

The Argentine Navy tall ship frigate Libertad docked in Liverpool on Saturday on its first visit to the Mersey River in 24 years. Arriving in style to the sound of The Beatles, the crew band had been practicing Yellow Submarine since they left Argentina. Docked at Liverpool's cruise terminal she was open to the public on Sunday.

Wednesday, April 20th 2016 - 07:10 UTC

Macri pledges “no repeat of the 2012 situation” to Navy's training vessel 'Libertad'

“With great capacity and dialogue” Argentina is back in the world and has managed to become a reliable trustworthy country, said Macri

“You can set sail peacefully, because there will be no repeat of the 2012 situation”, president Mauricio Macri told officers, crew and cadets of the Navy's training tall ship Libertad that is ready to set off for the annual tour. Macri was referring to the incident in Ghana when the vessel was seized on an injunction request from one of the holdout funds litigating Argentina over defaulted bonds.

Saturday, April 2nd 2016 - 07:04 UTC

How hedge funds held Argentina for ransom

Companies involved include some of the best-known vulture funds, including NML Capital, subsidiary of Elliott Management, a hedge fund co-led by Paul Singer

By Martin Guzman and Joseph E. Stiglitz (*) - Perhaps the most complex trial in history between a sovereign nation, Argentina, and its bondholders — including a group of United States-based hedge funds — officially came to an end yesterday (March 31) when the Argentine Senate ratified a settlement.

Friday, March 4th 2016 - 07:02 UTC

Paul Singer will have made a $2.4bn profit with the Argentine defaulted bonds

Paul Singer and Jay Newman, an Elliott portfolio manager, saw an opportunity when Argentina's government debt was trading at 20 cents on the dollar

Elliott Management Corp., a New York-based hedge fund that invested in distressed Argentine government bonds well over a decade ago, will have made a $2.4 billion profit on its wager once this week's settlement is finalized, the Wall Street Journal said.

Thursday, November 6th 2014 - 07:22 UTC

Argentina and hedge fund NML Capital ratify their commitment to keep fighting

“If someone thinks that on January first Argentina will go on its knees to negotiate with vulture funds, he is getting it all wrong” said Vanoli, central bank chief

Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls.

Saturday, February 22nd 2014 - 05:48 UTC

Tall ships parade in Punta del Este; Mujica invited to a reception in ARA Libertad

ARA Libertad will host Mujica and Argentine ambassador Dovena

Uruguayan president Jose Mujica is scheduled to attend a reception on Saturday at Argentina's tall ship Libertad, which together with several similar vessels is participating in the '2014 Latin American Sails' tour of thirteen Latin American and Caribbean ports, and on Friday arrived to Punta del Este.

Thursday, November 7th 2013 - 07:24 UTC

Argentina steps down from major air exercise in Brazil fearing repeat of flagship Libertad incident

The Argentine Air Force grounded on fears of inconvenient surprises overseas

Argentina admitted that it stepped down at last minute from participating in South America's largest military air exercise in Brazil, Cruzex 2013 to avoid any possible injunction situations as that experienced by the Navy's three mast frigate that ended retained in a port of Ghana.

Saturday, August 31st 2013 - 01:39 UTC

Falklands’ Argentina banned oil companies linked to YPF partner Chevron

Lawmaker Martinez claims OSRL is linked to the Falklands oil companies

An Argentine lawmaker claims that the US oil corporation Chevron which is investing heavily in developing shale resources in Neuquen with YPF is a partner of Oil Spill Response Limited that is also involved with the oil companies operating in the South Atlantic in Argentine waters but licensed by the Falkland Islands government.

Saturday, July 13th 2013 - 13:28 UTC

Cristina Fernandez admits few European countries are a flying option for her

Fears that Tango 01 could be impounded on request from the hedge funds or ‘vulture funds’

President Cristina Fernandez revealed during the Mercosur summit in Uruguay on Friday that as a result of the judicial dispute between Argentina and the hedge funds, a few countries in Europe are not a flying option for her.

Monday, July 8th 2013 - 06:29 UTC

Argentine training frigate ARA Libertad at last moment suspends annual trip

ARA Libertad with sails fully displayed before arriving to a great reception in Mar del Plata

Argentina’s flagship the tall mast frigate ARA Libertad which last year was retained in Ghana for 77 days, unexpectedly suspended until 2014 the beginning of its annual instruction trip which was scheduled to leave Buenos Aires this weekend.

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