Argentine judge orders seizure of Falklands drillers’ assets

An Argentine judge ordered the seizure of assets of oil drilling companies operating in the disputed Falklands Islands on Saturday, as rhetoric heats up before October elections. Lilian Herraez, a federal judge in Tierra del Fuego, ordered the seizure of $156 million, boats and other property, Argentina’s state news agency Telam reported. The companies named in the demand were Premier Oil Plc , Falkland Oil and Gas Ltd, Rockhopper Exploration Plc, Noble Energy Inc and Edison International Spa. It was not clear what Argentina would do to enforce the ruling, and it is likely to prove largely symbolic. A source with knowledge of the situation said on Saturday that the companies in question do not generally hold any assets in Argentina or use Argentine waters.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4673368,00.html

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