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U.N. Court to Start Argentina Ship Case against Ghana Nov. 29

HedgeWorld – The United Nations’ maritime court in Hamburg said on Wednesday [Nov. 21] it will hold hearings on Nov. 29 and 30 into Argentina’s demands that Ghana free an Argentine naval ship stranded in the African country due to a court order brought by bondholders.

The ARA Libertad tall sailing ship, a naval training vessel, was detained in Ghana’s eastern port of Tema on Oct. 2 at the request of hedge fund NML Capital Ltd., which says Argentina owes it $300 million on bonds in default.

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