The Belgian Supreme Court threw out an attempt by hedge funds to seize Argentina’s diplomatic accounts in that country, according to a release on Monday from the Argentine Foreign ministry.
“Once more we fulfill our promise, the Frigate is coming back,” was the first statement given by President Cristina Fernández over the ruling of the UN's International Tribunal for the Law of the Sea to release the ARA Libertad frigate.
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.
The International Maritime Organization (IMO) certified that the ARA Libertad frigate is a military vessel, therefore, it can not be impounded, Argentina's ambassador to the UK, Alicia Castro, reported.
The Argentine navy is not going through one of its great moments, not only because of the impounded flagship ARA Libertad in Ghana and the ARA Espora stranded in South Africa waiting for spares. The rest of the fleet is suffering the consequences of years of lack of maintenance and training with corvettes, destroyers and even submarines involved in mechanical and conducting incidents.
The Law of the Sea Tribunal in Hamburg confirmed the oral hearings’ date for 29 and 30 November referred to the Argentine vessel ARA Libertad impounded and retained in Ghana since 2 October, with a previous day of consultations with both litigants on 28 November.
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.