Tag: Phi
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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…
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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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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…
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Court of Appeal rules in favor of The Secretary of State for Transport; finding the High Court’s decision to M/Y PHI’s seizure lawful
Court of Appeal rules in favor of The Secretary of State for Transport; finding the High Court’s decision to M/Y PHI’s seizure lawful Dalston Projects Limited and others (appellants) v The Secretary of State for Transport (respondent) Not the denouement her owner, captain, crew, and spectators hoped for, the 60-meter motor yacht Phi will continue…
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Deep Dive – M/Y Phi Challenges UK High Court Decision
You may recognize M/Y Phi as the backdrop of then UK Secretary of State for Transport Grant Shapps’ polemic at West India & Millwall Docks in London, delivering a stark warning of how the country plans to address Russian individuals as a result of the Russian invasion of Ukraine, using the yacht as an emblem…
