Law of the Sea disputes can now be heard in Singapore as it agreed to provide facilities for an international tribunal to preside over such cases in the country.
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.
The Argentine government, as anticipated on Wednesday formally reported Ghana before the Tribunal for the Law of the Sea, in a bid to try to recuperate the ship that has been detained in Tema port since October 2. Argentina also announced it will demand compensation for the ‘illicit action’ losses.
A Ghanaian court authorized on Monday to have Argentina’s ARA Libertad navy training frigate, impounded over a lawsuit filed by a US based fund, removed from Tema’s commercial port to another local pier in order to liberate space that’s crucial for the in and out of cargo liners.
Argentina finally admitted that the retaining of the training frigate ARA Libertad in Ghana is not an isolated case since the so called ‘vulture’ funds have managed to impound a total of 28 assets including the presidential aircraft Tango 01, bank accounts, property and even a satellite.