Tag: Legal
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Sanctioned Superyacht Alfa Nero Sold to Undisclosed Buyer
Alfa Nero, the 81-meter Oceanco-built superyacht, has been sold to a new unnamed owner for $40 million. The yacht was seized in 2022 in Falmouth Harbor, Antigua following the sanctioning of her owner, Andrey Guryev, by the U.S. government following the Russian invasion of Ukraine. Following Alfa Nero’s seizure, the U.S. Treasury Department cleared the…
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The Protracted Journey of Royal Romance
The superyacht industry continues to feel the effects 2022 Russian Invasion of Ukraine, where countries including the US, EU, and UK imposed sanctions on Russia with the aim of pressuring individuals or entities to cease actions destabilizing Ukraine or threatening its territorial integrity. The damage was felt in different parts of the sector. From a…
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Dalston Projects Limited vs. The Secretary of State for Transport – Will the Supreme Court grant a “Permission to Appeal”?
Phi, the 60-meter luxury motor yacht owned by Russian businessman Sergei Naumenko, has been the inadvertent face of the UK’s sanctions regime in response to the Russian invasion of Ukraine. After the latest Court of Appeal ruling dismissing Naumenko’s challenge of the High Court ruling, Phi remains docked at London’s Canary Wharf as the Court…
