Colombia Concedes Point on Spanish Galleon Salvage While Resisting Claim

01 Apr 2013 11:15 AM | Anonymous

Colombia Concedes Point on Spanish Galleon Salvage While Resisting Claim

Published Monday, Apr. 01, 2013


/PRNewswire-USNewswire/ -- Lawyers representing the government of Colombia (GOC) admitted in U.S. court on March 25th that Sea Search Armada (SSA), an undersea salvage company engaged in a long-running suit with Colombia, was the rightful owner of 50 percent of the proceeds of perhaps the most valuable sunken treasure in history.  This is the first time representatives of the government have conceded this point in over 30 years of legal wrangling.

The admission came in oral arguments before the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C. over the validity of SSA's suit.  While still disputing SSA's claim, the GOC lawyer clarified that any part of the treasure, were it to be recovered and be identified as Columbian – described as the country's patrimony – would not be shared.

http://www.sacbee.com/2013/04/01/v-print/5307009/colombia-concedes-point-on-spanish.html

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