Tag: NML Capital Ltd

• Wednesday, December 19th 2012 - 23:10 UTC

  ARA Libertad is in the high seas; great reception in Mar del Plata on 9 January

  

  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.

• Tuesday, December 18th 2012 - 22:33 UTC

  Ghanaian government confirms the release of ARA Libertad

  

  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.

• Tuesday, December 18th 2012 - 04:01 UTC

  Argentina says Belgian highest court rules against seizure of diplomatic accounts

  

  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.

• Monday, December 17th 2012 - 06:39 UTC

  Ghana government to review ruling on immediate release of Argentine vessel

  

  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.

• Saturday, December 15th 2012 - 21:06 UTC

  Argentina pays GDP-linked bonds; Central bank reserves fall to lowest since 2007

  

  Argentina made payments of over 3.5 billion dollars on Friday in GDP-linked bonds which refer to the 2005 and 2010 rescheduling agreed with creditors who originally held 2001/02 defaulted sovereign bonds. At the same bank the Central bank revealed that international reserves have fallen to its lowest since 2007.

• Saturday, December 15th 2012 - 16:57 UTC

  Law of the Sea court orders ‘immediate’ release of ARA Libertad

  

  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.

• Thursday, December 13th 2012 - 07:04 UTC

  US court ruling against Argentina threatens Greek Collective Action Clause

  

  A legal clause that is the key to smoothing future debt restructurings could be undermined by a US court ruling that Argentina must pay creditors holding its defaulted debt.

• Wednesday, December 5th 2012 - 00:07 UTC

  US court rules in favour of Argentina: denies security deposit requested by hedge funds

  

  US appeals court refused to order Argentina to post a security deposit of at least 250 million dollars while it seeks to overturn a lower court ruling that orders it to pay holdout investors 1.33 billion.

• Monday, December 3rd 2012 - 04:54 UTC

  Holdout funds want Argentina to deposit 250m by December 10

  

  Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending.

• Thursday, November 29th 2012 - 20:47 UTC

  Law of the Sea tribunal will decide Argentina/Ghana case on December 15

  

  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.