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Montag, 17. Dezember 2012

Ghana says 'will review' international court ruling on frigate

Sunday, December 16, 2012

Ghana says 'will review' international court ruling on frigate

The Frigate Libertad, impounded in Ghana since October 2.
The Ghanaian government indicated that it will review the recent ruling by the International Court for the Law of the Sea ordering the African nation to release the Libertad frigate, which remains impounded there since October 2.
The international court, located in Hamburg, Germany, “unanimously” called on Saturday for the Ghanaian authorities to “immediately release the Libertad frigate,” retained in the Ghanaian port city of Tema since October 2 due to a legal conflict with NML Capital.
“The Ghanaian government has carefully noted the court’s decision,” the Ghanaian Deputy Minister of Foreign Relations Chris Kpodo said.
“The Ghanaian government will carefully review the court order in order to abide by it by taking our country’s constitutional requirements and International obligations,” he added.
Kpodo did not provide any further details, but explained that the conflict is between Argentina and NML.
The US investment fund criticized the court’s tribunal, which calls for the releasing of the frigate.
“Only Ghanaian courts have jurisdiction over this dispute. This is where this has been argued and will continue to be argued,” the company said.
Foreign Minister Héctor Timerman said that the ruling “backs Argentina in its fight against defaulted bond holders.”

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