In 2007, Odyssey Marine Exploration, Inc. found a shipwreck of the Spanish Royal Navy Frigate Nuestra Senora de las Mercedes, loaded with many tonnes of coins. Odyssey filed an in rem action in the United States federal court to get legal title to the shipwreck and the coins, but the court found that they did not have the jurisdiction to decide the case according to the Foreign Sovereign Immunities Act. As a result, the Mercedes and its cargo were given over to the custody of Spain.
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