Tag: Seized Yacht
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French Government to Auction Off 41-Metre Seized Vessel
Two years after motoryacht Stefania was seized during a stopover in Northwestern Italy, the French authorities will be putting the vessel up for sale. The 41-metre boat was confiscated at the behest of the French government following a money laundering case involving a Belarusian national. Marseille’s prosecutor’s office states that the “criminal activities” of Belarusian…
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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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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…
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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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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….
