Category: Legal
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Seized Superyacht Amadea May Return to Owner after Trump Administration Disbands U.S Sanctions Policies
Weeks after the U.S. government took to court to prove the true owner of the 106-meter superyacht Amadea, seized in the wake of the Russian invasion of Ukraine, the U.S. Justice is disbanding the sanctions previously instituted. Task Force KleptoCapture, launched under the Biden administration in March 2022, was implemented in an effort to target…
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Federal Judge Dismisses Proposed Class Action Lawsuit Against US Yacht Brokers
Case: YA MON EXPEDITIONS, LLC v. INTERNATIONAL YACHT BROKER’S Unlike the class action lawsuit that caused a paradigm shift for real estate brokers, the proposed fight against the International Yacht Brokers Association, Yacht World, Northrop & Johnson, and other brokers over the alleged anti-competitive commission fee practices will not be moving forward. On Tuesday, January…
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Detained Vessel, Unsanctioned Owner: UK Supreme Court Hears Appeal on 60m Yacht PHI
Case: Dalston Projects Ltd and others v Secretary of State for Transport On Thursday, January 16th, a Supreme Court hearing took place to hear an appeal from Dalston Project Ltd and Others regarding the detention of the 60-meter superyacht Phi in London, England following the 2022 Russian invasion of Ukraine. The case centers on the…
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Supreme Court Hearing Date Set for Seized Superyacht PHI
Phi, the 60-meter superyacht moored at the UK’s Canary Wharf Harbour since March 2022, has its last chance to appeal its seizure with a Supreme Court hearing set for January 16th, 2025. The motor yacht is built by Dutch shipyard Royal Huisman for Russian businessman Sergio Numyenko. She was delivered in 2021, after which made…
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Yacht Builder Oceanco Settles Case for the use of Myanmar Blood Teak; Agrees to €150,000 Fine
Dutch superyacht builder Oceanco has been ordered to pay a €150,000 fine after reaching a settlement agreement with The Dutch Public Prosecution Service for breaching European timber laws. The EU Timber Regulation (EUTR) forbids the importation and use of illegally harvested timber into the EU, and regulates the vetting process of buyers, requiring them to…
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Court Ruling For The Sale of M/Y Alfa Nero Set For Early 2025
According to the Antigua Observer, a ruling on the seizure of the 82-meter motor yacht Alfa Nero is expected to be made by the Antiguan High Court in February 2025. The sale of Alfa Nero was challenged by Yulia Guryeva-Motlokhov and the yacht’s special purpose vehicle (SPV) Flying Dutchman Overseas, the British Virgin Island-registered company…
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Sunseeker Fined For The Illegal Importation of Teak; Pleads Guilty on Three Charges
On Wednesday, November 27th, British shipyard Sunseeker International pleaded guilty to three charges for the use of 11 imports of illegal Myanmar teak (with evidence of more) and breach of timber laws. Sitting in front of the Bournemouth Crown Court, the luxury boat builder was fined a total of £358,759,64 by Judge Jonathan Fuller. This…
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The Italian Sea Group Refute £186m Legal Filing Against Crew and Widow of Bayesian Superyacht Owner Mike Lynch
September 22, 2024 – On Saturday, September 21st, Italian newspaper La Nazione reported news of a representative for the Italian Sea Group filing documents in a Sicilian Court on Friday against the crew and widow of Bayesian superyacht owner Mike Lynch. The Italian builder reportedly sought legal damages of up to £186 million, citing reputational…
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M/Y Meridian A to Remain Seized by Spanish Authorities after EU Court Rejects Appeal For Annulment
Sulberg Services v Council (Case T-1084/23) The 85-meter motor yacht Meridian A to remain under arrest by Spanish Authorities after the EU Court rejected an appeal for annulment for Council Decision (CFSP) 2023/1767 of 13 September 2023. For the first time since 2022, an update has been given on the status of M/Y Meridian A,…