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Formerly Seized Argentine naval ship LIBERTAD gets jubilant homecoming

An Argentine navy ship was given a triumphant homecoming on Wednesday, Jan. 09, 2013 three months after it was seized in Ghana on behalf of a hedge fund suing over defaulted government bonds. The ARA Libertad, a tall sailing ship used as a training vessel, was detained in the West African nation on October 2 due to a court order obtained by NML Capital Ltd as it fights to get full repayment for the bonds in the courts. Argentina's government, which calls funds like NML "vultures," asked a U.N. maritime court to intervene and the Hamburg-based tribunal ordered the ship's release last month. The detention of the Libertad during a tour of Africa was a blow for Argentina's efforts to put the 2002 debt crisis behind it and drew a furious response from left-leaning President Cristina Fernandez. http://www.mymoinfo.com/Seized-Argentine-naval-ship-gets-jubilant-homecomi/9050096?newsId=186680