The Business of Middle East Superyachting

Tag: Yacht Seizure

  • Hearings on Russian Superyachts in US and UK Courts Show Who’s Really Paying The Price

    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…

  • Trial to Determine Owner of Seized Superyacht AMADEA Begins in U.S Court

    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….