Chris Kidd discusses the case of Swallowfalls Ltd v. Monaco Yachting & Technologies S.A.M. & Anor. In a decision relevant to both buyers and builders of yachts, the English Court of Appeal considered whether a loan for the construction of a
Tim Schommer, Ince & Co, explains a buyer’s freedom to choose English or German law when building a yacht in Germany. Photo: Abeking & Rasmussen, Germany Newbuild contracts for yachts are often subject to English law, which is commonly chosen
Andrew Spyrou, Holman Fenwick Willan, considers the recent case of Riva’s M/Y GALATEA, which was destroyed by fire in an Athens Marina. The owners sought €13 million from the insurers of the vessel as she was a constructive total loss, but
Daniel Crockford, Keystone Law, guides you through everything to consider both before and during a yacht transaction. Buying a yacht can be equally exciting and daunting. But, as with all property transactions, knowledge really is power. Advisers “A lawyer may be seen
Some free advice is not worth what you paid for it. But this is not always true. Specialist superyacht lawyers get to see more transactions from different yards, brokers or buyers than any other group involved in deals. We asked
Anyone considering buying a superyacht will already have at least one trusted lawyer or firm that has advised on corporate work, trusts or property transactions. So paying for a specialist superyacht lawyer may seem like an unnecessary expense. It is
MT Højgaard v. E.ON Court of Appeal decision: a shot across the bows for any builder using third party specifications and allowing fitness for purpose into their contracts Yacht builders frequently need to rely on specifications developed by third parties,
Jamilia Khan, Ince & Co, analyses terms of yacht sale contracts. The commercial understanding of the phrases “as is” or “as is where is” has always been that a buyer must take a yacht in the condition in which she is
Richard Hugg, Ince & Co, explains how good claims can be invalidated by passing false information to your insurer. In a 2014 judgment of considerable significance (Versloot Dredging BV v. HDI Gerling and others (DC Merwestone), the English Court of
Patrick Ryan from Ince & Co discusses the issue of brokers’ commission Yacht brokers who invest time and money working towards a potential yacht sale expect to be rewarded for their efforts by receiving a commission when the deal completes.
