The Argentine Navy flagship ARA Libertad set sail for Mar del Plata on Wednesday four days after a UN court ordered its release from the Tema port in Accra, Ghana, following a 77 day embargo (since 2 October) due to a claim by vulture fund NML Capital.
The Ghanaian government confirmed on Tuesday it would comply with the UN Law of the Sea court decision to release the Argentine navy flagship ARA Libertad, impounded in Tema since October 2, over a debt dispute between a US hedge fund and the Argentine government.
The Ghanaian government indicated on Sunday that it will review the recent ruling by the International Court for the Law of the Sea ordering the African nation to release the Argentine Navy Libertad frigate, which remains impounded there since October 2.
The UN International Tribunal for the Law of the Sea ordered on Saturday the release of ARA Libertad, the Argentine naval training ship which has been detained in Ghana since October at the request of holders of defaulted Argentine state bonds.
The International Tribunal for the Law of the Sea announced that the decision on the case involving the Argentine Navy frigate ARA Libertad retained in Ghana will be made public next 15 December. On Thursday both sides made their case in a several hours hearing at the seat of the tribunal in Hamburg.
Ghana rejected on Wednesday Argentina’s plea for Accra City’s Commercial Tribunal to drop the case that kept the ARA Libertad navy training frigate impounded at Tema port since October 2nd.
Argentina announced on Friday that the International Tribunal for the Law of the Sea proposed November 29 and 30 as the days to hold the hearings between Argentina and Ghana over the seizure of the ARA Libertad Frigate at Ghana's Tema Port.
Argentina demanded that Ghana “assumes its responsibility” of freeing the Navy flagship ARA Libertad, which remains impounded in the African country’s port Tema over claims of US funds and warned Argentina could take the case to the United Nations, because negotiating with ‘vulture funds’ is not an option.