Last Updated on 1/30/2006 by bidz

Ancient wreck, new fight

Europe – International Herald Tribune
By William J. Broad The New York Times

“What is probably the richest sunken treasure in the world, the Sussex, a British warship that went to the bottom of the Mediterranean in 1694 with a cargo of coins now worth up to $4 billion, has become embroiled in a bitter diplomatic dispute that pits Spain against Britain, the United States and an American company that wants to salvage the wreck.

The conflict turns on arcane and often disputed aspects of international law that govern sovereign waters and the rights of shipwreck owners and finders.”

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