Not a gunship, but a 100-metre long tall ship, and it was seized by Ghanaians under a court injunction following an application by US Billionaire Paul Singer’s Elliott Capital management hedge fund in an attempt to collect debts on unpaid bonds when Argentina defaulted in 2001.
Naturally the Argentinians aren’t happy saying…
“Vulture funds have crossed a new limit in their attacks on the Argentine republic” and criticised NML as a fund domiciled in a tax haven seeking “usurious gains” by holding out for full payment on bonds on which Argentina defaulted in 2001.
For the full FT story you’ll need to ‘google’ the headline above…
