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.
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.
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.
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.
Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.
By Hector Timerman - Foreign Minister Héctor Timerman underlined Argentina’s struggle against paying ‘vulture funds’ in an article written for US newspaper Huffington Post about how Latin American and Africa are affected by these funds.
Argentina warned on Monday that if by Tuesday Ghana does not release the retained Navy frigate ARA Libertad it will file a claim before the UN Law of the Sea International Tribunal in Germany.
Argentine Defence Minister Arturo Puricelli took responsibility on Thursday for the fate of the navy training frigate Libertad, which continues to be impounded in Ghana. Meanwhile from Ghana a top official said the country was “embarrassed” with the whole incident.
Argentine President Cristina Fernández joined the US presidential campaign harshly criticizing Republican candidate Mitt Romney and stating she is “more alike” the current head of state, Democrat Barack Obama, who is running for re-election.
After three weeks retained in Ghana, members of the crew and cadets from the Argentine Navy training vessel ARA Libertad arrived past midnight Wednesday to Ezeiza airport in Buenos Aires where relatives and media were waiting.