Ghana has seized an Argentinian navy vessel, the ARA Libertad, holding it until NML Capital Ltd., based in the Caymans, is paid money that it says Argentina owes it.
NML Capital Ltd. says that the country owes them close to three hundred and fifty million dollars, but will allow the ship to be free for twenty million.
Argentina is calling the move "an attack that is nothing more or less than a kidnapping, an extortion and an act of piracy against a sovereign nation".
President Cristina Fernandez has for now announced that all but a skeleton crew, of the original 326, will be removed from the vessel.
A Ghanian judge ruled that the ship could not be refueled, leaving it without even basic power.
They've tried arguing with Ghana that military vessels are not eligible for seizure as collateral, but that was rejected by the judge.
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