Tag: Russia Sanctions
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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,…
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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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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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136-Meter Superyacht Flying Fox No Longer Placed Under Sanctions by the US; Available for Charter Globally
The US Office of Foreign Assets Control has removed Flying Fox, the 136-meter superyacht, from its sanctions list. This move now allows the superyacht to be chartered without any restrictions imposed. In June 2022, the Lürssen-built vessel was listed as blocked property by the US Department of Treasury, following the 2022 Russian invasion of Ukraine,…
