Tall ship remains impounded

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While the legal battle that prompted its seizure raged, the ARA Libertad still languishes in a Ghanaian harbor.

However, there has been movement toward some kind of resolution, MercoPress reports. The Law of The Sea Tribunal hearings that will decide the frigate's fate have been scheduled for November 29th and 30th in Hamburg, Germany.

The boat was impounded on a Ghanaian Court order obtained by hedge fund manager Paul Singer. Argentina owes a subsidiary of his hedge fund, Elliot Management, a share of $1.3 billion of sovereign debt dating back to 2001.

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