Tag: Royal Romance
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Auction to sell Royal Romance called off; Yacht Potentially No Longer Under Ukrainian Ownership
Royal Romance, the 92-meter motor yacht, will no longer be auctioned off by the Asset Recovery and Management Agency ( ARMA) of Ukraine after a new decision made by the Croatian court canceled its prospective sale. Royal Romance, owned by sanctioned Ukrainian lawyer Viktor Medvedchuk, was seized in March 2022 as she was docked in…
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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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ARMA in talks with Boathouse Auctions for the selling of seized motor yacht Royal Romance
Days after auction house Troostwijk Auctions announced they are no longer in talks withARMA to sell the seized motor yacht Royal Romance, a potential central agent has entered in it’s place. Boathouse Auctions, an online yacht auction marketplace based in the United States, has entered into the initial negotiations for the sale of the 92-meter…
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Troostwijk Auctions no longer the central agent to seized motor yacht Royal Romance
After the Asset Recovery and Management Agency ( ARMA) of Ukraine confirmed the auction of the seized motoryacht ROYAL ROMANCE with Troostwijk Auctions, plans for the auction have fizzled out. In a statement shared with The Maritime Observer, the auction house states “Troostwijk will not be the auction platform to enable the sale. While we…
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Royal Romance to be officially auctioned; Asset Recovery and Management Agency (ARMA) of Ukraine announces
The sanctioned motor yacht Royal Romance is set to be auctioned after ownership was transferred to the Ukrainian government. In January 2024, The Asset Recovery and Management Agency (ARMA) of Ukraine announced that Royal Romance’s ownership would be transferred to Ukraine, following the Croatian court’s ruling, with ARMA planning to auction her off “as soon…
