Argentine Frigate to Set Sail as `Vulture' Conflict Concludes

  • Naval frigate became embroiled in sovereign debt dispute
  • Ship is due to set a day after Argentina due to pay holdouts

President Mauricio Macri bid farewell on Tuesday to a naval frigate that in 2012 became the focal point of a legal battle between Argentina and its creditors after a group of hedge funds led by Paul Singer’s Elliott Management tried to seize it as compensation for defaulted bonds.

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