Tag: Elliot Management fund

• Monday, October 22nd 2012 - 19:20 UTC

  UN Security Council says ARA Libertad incident does not endanger world peace

  

  Argentine Foreign minister Hector Timerman began Monday morning his round of contacts in New York to lobby for the release of the Navy’s training frigate retained in Ghana but suffered a first setback when he met with the president of the UN Security Council, Ambassador Gert Rosenthal.

• Saturday, October 20th 2012 - 06:17 UTC

  Argentina calls on Ghana to “assume its responsibility” in the release of ARA Libertad

  

  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.

• Friday, October 19th 2012 - 05:19 UTC

  Argentina’s flagship trapped in Ghana by creditors with no political solution in sight

  

  The saga of the Argentine Navy flagship ARA Libertad retained in Ghana seems to have no short term political solution as the government of President Cristina Fernandez was expecting, while in Buenos Aires the head of military strategic intelligence resigned and there is mounting pressure on the Ministry of Defence.

• Thursday, October 11th 2012 - 23:20 UTC

  Ghana court denies release of ARA Libertad detained on a complaint from US hedge fund

  

  A Ghana court judge rejected on Thursday the plea put forward by Argentina to release the ARA Libertad training ship, which has been detained in a port close to Accra with its crew since October 2nd due to a complaint by a US hedge fund.

• Wednesday, October 10th 2012 - 18:50 UTC

  Argentine creditors want 20m dollars to release ARA Libertad retained in Ghana

  

  Argentina is refusing to pay the 20 million dollars in ransom that New York hedge fund dealer Paul Singer is demanding in exchange for releasing the country’s Naval training vessel currently retained in the port of Tempa, Ghana, West Africa, reports the New York Post.

• Tuesday, October 9th 2012 - 20:15 UTC

  Ghana court to rule Thursday on the release of Argentina’s Navy vessel

  

  The case of the seized Argentine naval ship ARA Libertad was heard on Tuesday by a Ghana Commercial Court which will rule on Thursday whether to release the vessel impounded on arrival last week at the Port of Tema, according to the official Ghana News Agency.

• Thursday, October 4th 2012 - 20:50 UTC

  Argentina will have to post 10m plus bond in Ghana to liberate ARA ‘Libertad’

  

  Argentina will have to come up with 10 million dollars or more as a bond to liberate the flagship of its navy, “Libertad” retained in the Ghanaian port of Tema, following on the request from a US hedge fund.