Forbes – The incredible story of the Argentine vessel detained in Ghana at the request of a hedge fund tied to billionaire Paul Singer continues.
On Thursday, a court in Ghana rejected the Argentine state’s request to grant the Fragata Libertad diplomatic immunity, despite it being a military ship. NML Capital, the hedge fund, is looking to extract payment from the Argentine state on sovereign bonds that were part of the largest sovereign debt default in 2001 and 2002. The Administration of Cristina Fernandez de Kirchner called Singer’s Elliott Capital a “vulture fund” and accused it of use Administration of Cristina Fernandez de Kirchner calling immoral and “usurious practices,” while claiming the vessel is protected by immunity granted by the Vienna Convention.
