Subscribe free to our newsletters via your
. Earth Science News .




TRADE WARS
Ghana court rejects request to release Argentina warship
by Staff Writers
Accra (AFP) Oct 11, 2012


A judge in Ghana on Thursday rejected a bid by Argentina to have one of its warships released from a port near Accra, where it is being held under a court order linked to a debt dispute.

"No sufficient basis has been made been made by the applicant (Argentina) to set aside this court order. The motion is dismissed," said Judge Richard Adjei Frimpong of the Commercial Court in Accra.

The frigate Libertad was seized on October 2 under a court order linked to claims by creditors NML Capital, which are suing Buenos Aires over its 2002 bond default.

While their vessel is confined to Ghana's largest port of Tema, the sailors on board, who travelled to the West African nation for a training mission, are welcome to explore their surroundings, a port official told AFP.

The lawyer representing Argentina has said the crew includes 200 people.

According to the Argentine navy, they include 69 Argentines, eight from Uruguay, 15 from Chile and one each from Bolivia, Brazil, Paraguay, Suriname, Peru, South Africa and Venezuela.

"Nobody has forced them to stay on the ship," said the head of Ghana's port authority, Richard Anamoo. "They are free to move around."

Lawyers acting for Argentina have argued that as a military vessel, the frigate enjoyed immunity.

NML Capital has argued that Argentina waived its immunity linked to the debt at issue under an accord called a Fiscal Agency Agreement (FAA), and the Ghanaian court on Thursday agreed.

"I find that the defendant in clear terms waived the immunity through the FAA agreement," said Frimpong. He urged the two sides to attempt to negotiate a resolution and a subsequent hearing date was not immediately set.

In the meantime, the large vessel remains docked between a cruise ship and fishing trawler at the bustling port, where dozens of sailors were visible milling around above deck on Thursday, an AFP reporter said.

"We don't know (how long) we have to stay here," Lieutenant Luis Melian, the Libertad's spokesman, told AFP, declining to comment on how the sailors on board were spending their time.

A truck driver at Tema told AFP that he asked a group of sailors to have a group picture taken, but they refused.

Larry Otu, the lawyer representing the Argentine government, said at the hearing that the Libertad needed to refuel so that it could continue to run its power generators, and the court had asked the two sides to reach an accommodation in this and other logistical issues.

Anamoo, the ports boss, said the vessel did not need to be moved to refuel.

Between 2005 and 2010 Argentina refinanced and rescheduled its repayment of 93 percent of the almost $100 billion default it incurred in 2001.

Among the unsettled business were bonds held by speculative funds seeking to recoup their money through the courts.

Argentina also has more than $6.5 billion in debt with the Paris Club of government creditors.

Buenos Aires has said that Ghana's seizure of the Libertad "is against the Vienna Convention on diplomatic immunity".

The Latin American nation has accused the bondholders, sometimes called 'vulture funds', of perpetrating a fraud in Ghanaian courts, while port officials in Ghana have said they are compelled to honour the domestic court's ruling.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
A tactile glove provides subtle guidance to objects in the vicinity
Helsinki, Finland (SPX) Oct 11, 2012
Researchers at HIIT and Max Planck Institute for Informatics show how computer vision -based hand tracking and vibration feedback on the user's hand can be used to steer the user's hand toward an object of interest. A study shows an almost three-fold advantage in finding objects from complex visual scenes, such as library or supermarket shelves. Finding an object from a complex real-world ... read more


TRADE WARS
Planning can cut costs of disasters: World Bank

12 Chinese workers killed, 24 hurt in dormitory blaze

Far, far beyond wrist radios

World leaders meet on disaster management in Japan

TRADE WARS
Boeing to Build 702HP Communications Satellite for SES

Rovsing And SSBV Merge Satellite Simulation And Test Services

TACLANE-MultiBook Delivers Classified and Unclassified Information for Government and Agency Workers

Photonic gels are colorful sensors

TRADE WARS
Brazil sets up special security force to protect Amazon

Small fish can play a big role in the coastal carbon cycle

A new cave-dwelling reef coral discovered in the Indo-Pacific

Costa Rica tightens ban on shark fins

TRADE WARS
Polarstern returns with new findings from the Central Arctic during the 2012 ice minimum

DRI scientist co-authors study outlining vast differences in polar ocean microbial communities

ESA satellites looking deeper into sea ice

Russian boy discovers 'woolly mammoth of the century'

TRADE WARS
Unravelled mushroom genome offers many opportunities

Nigerian farmers sue Shell in Dutch case with global reach

Halving the food losses would feed an additional billion people

Putin Calms Russians Over Poor Harvest

TRADE WARS
Floods kill 7 in Russian Caucasus: official

NASA's HS3 Mission Thoroughly Investigates Long-Lived Hurricane Nadine

Japan tsunami gives lessons on disaster management

Nigerian president pledges $110 million to floods victims

TRADE WARS
Thousands march in Mali to urge intervention against Islamists

Nigerian farmers sue Shell in Dutch case with global reach

Amnesty International calls on DRCongo to halt clashes in east

Nigerian army denies rampage, killing civilians after attack

TRADE WARS
New human neurons from adult cells right there in the brain

Dating encounters between modern humans and Neandertals

Last speaker of 'fisherfolk' dialect dies

Compelling evidence that brain parts evolve independently




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement