Argentina faces the prospect of eviction from the world economic community after its apparent failure to respond to a three-month deadline set by the International Monetary Fund to produce accurate inflation and growth statistics.Ejection from the IMF could lead to a variety of economic and political penalties, including exclusion from the G20 of industrial nations. IMF rules state that member states "must not co-operate with a non-member in practices that would be contrary to … the purposes Read more [...]

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There was no comment from judicial authorities in Ghana about the ruling.In an expedited ruling, the court ordered that Ghana “forthwith and unconditionally release the frigate ARA Libertad” and ensure the ship and its crew can leave Ghanaian waters. It also ordered that the vessel be resupplied as needed.Detaining the ship was “a source of conflict that may endanger friendly relations among states,” the court said.The ruling left untouched the parties’ rights to seek further international Read more [...]

A United Nations court ordered the immediate release of an Argentine navy training ship seized by Ghana two months ago at the request of an American hedge fund. The ARA Libertad was detained October 2 in the port of Tema as collateral for unpaid bonds dating from Argentina's economic crisis a decade ago. Argentina appealed to the U.N.'s International Tribunal for the Law of the Sea for the ship's release, arguing that as a warship the Libertad is immune from being seized. In an expedited ruling, Read more [...]

A United Nations court has ordered the immediate release of an Argentine navy sailing ship seized in Ghana. The ARA Libertad training ship was impounded Oct. 2 in the port of Tema at the behest of private creditors as collateral for unpaid bonds dating from Argentina's economic crisis a decade ago. The Hamburg, Germany-based U.N.'s International Tribunal for the Law of the Sea ordered Ghana on Saturday to release the ship and its crew immediately Read more [...]

A United Nations court has ordered the immediate release of an Argentine navy sailing ship seized in Ghana. The ARA Libertad training ship was impounded Oct. 2 in the port of Tema at the behest of private creditors as collateral for unpaid bonds dating from Argentina's economic crisis a decade ago. The Hamburg, Germany-based U.N.'s International Tribunal for the Law of the Sea ordered Ghana on Saturday to release the ship and its crew immediately Read more [...]

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Argentina’s media law “doesn’t harm freedom of the press and expression, but in fact generates a multiplicity of audiovisual channels,” the judge concluded.Clarin said it would appeal immediately, and asserted that a higher court’s injunction freezing the law’s divestment provisions still applies despite the judge’s order. “The ruling ignores flagrant violations of constitutional rights to freedom of expression, equality under the law, legality, property and free competition,” Clarin Read more [...]

An international tribunal will decide on Saturday whether an Argentinian frigate can leave Ghana in a case that has enormous implications for financially distressed countries trying to reduce their debt burden.The three-masted ARA Libertad has been caught up in a complex legal dispute arising from Argentina's default on its $100bn (£62bn) sovereign debt in 2002. The Ghanaian authorities impounded the ship in the port of Tema in October following a court order obtained by a vulture fund, NML Read more [...]