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February 8, 2013
Friday, November 2, 2012

South Africa admits Espora corvette could also be impounded

A month after the Libertad frigate was impounded, South African Foreign Affairs Minister Maite Nkoana-Mashabane confirmed that the Navy's Espora corvette moored at Cape Town could be retained over a lawsuit filed by vulture fund.

"Defense Minister was informed and is already working on it," the minister stated during a press conference along with her Argentine counterpart Héctor Timerman in Pretoria.

Timerman travelled to that country to participate in the third South Africa - Argentina Binational Committee, and he responded that "I'm sure the law will be applied," after analyzing the issue with Nkoana-Mashabane.

"We are working to recover the frigate," the minister affirmed referring to the vessel retained in Ghana, after assuring that "according to the International law, this vessels can not be impounded."

The Espora corvette is moored at Cape Town waiting to be repaired, but it could be impounded over a lawsuit filed by a US based vulture fund.

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Tags:  South africa  espora  corvette  libertad  frigate  argentina  vulture funds  timerman  


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