Tag: AMADEA
-
US Government May Proceed with Sale of Seized Yacht Amadea after District Court Ruling Determines True Owner
Case: US v. M/Y Amadea, 23-cv-09304, US District Court, Southern District of New York (Manhattan). On Monday, March 10th, Judge Dale Ho. released his judgment on a case to determine the actual owner of Amadea, the 106-meter seized superyacht, ruling that Eduard Khudaintov’s attempt to block the US Government’s plans to auction off the vessel,…
-
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…
-
Hearings on Russian Superyachts in US and UK Courts Show Who’s Really Paying The Price
Cases: When the United States, United Kingdom, and other governments started to impose sanctions on Russian individuals in the wake of the Russian invasion of Ukraine in 2022 – to pressure the Russian government to cease actions in Ukraine – it would have been hard to imagine that one asset would prove to have seminal…
-
Trial to Determine Owner of Seized Superyacht AMADEA Begins in U.S Court
Case: US v. M/Y Amadea, 23-cv-09304, US District Court, Southern District of New York (Manhattan). Three years following the seizure of the 106-meter superyacht Amadea, in the wake of the 2022 Russian Invasion of Ukraine, the opening arguments of the evidentiary hearing to determine the true beneficial owner of the vessel took place last week….
-
Sale of seized yacht AMADEA blocked by US. Court
The US government, in possession of the seized luxury motor yacht AMADEA, was denied its request to obtain the right to sell the yacht by a New York court. Amadea, belonging to sanctioned Russian oligarch Suleyman Kerimov, was seized as it was docked in Fiji in May 2022, following the U.S. sanctions imposed on Russia….
-
United States government plans to sell seized motor yacht AMADEA after strenuous maintenance costs
US v. M/Y Amadea, 23-cv-09304, US District Court, Southern District of New York. The 106-meter motor yacht Amadea was seized in May 2022 while docked in Fiji after her owner, Suleiman Kerimov, was placed under the U.S. sanctions list due to the Russian invasion of Ukraine, Mr. Kerimov’s third time becoming a designated person in…
