US sanctions Imperial Yachts and CEO Evgeniy Kochman

US sanctions Imperial Yachts and CEO Evgeniy Kochman

The US Office of Foreign Assets Control (OFAC) has added Imperial Yachts and its CEO Evgeniy Kochman to its sanctions list. It has also sanctioned Flying Fox, its largest charter yacht as well as six other yachts linked to Russians.

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UK government sanctions owner of Heesen Yachts

UK government sanctions owner of Heesen Yachts

The UK government has sanctioned Vagit Alekperov, who owns Heesen Yachts. Alekperov is subject to a UK travel ban and asset freeze. Alekperov bought the yard in 2008 from its founder. He owns the yard through a series of holding

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SYI Town Hall: Superyachting grapples with sanctions

SYI Town Hall: Superyachting grapples with sanctions

Superyachting is struggling to fathom the impact of sanctions imposed in the wake of the Russian invasion of Ukraine, after the seizure of several superyachts in Europe and a warning from US president Joe Biden. Speakers at Superyacht Investor Town

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Oligarchs’ superyachts: The net begins to close

Oligarchs’ superyachts: The net begins to close

The net is beginning to close on some Russian oligarch’s superyachts, as sanctions imposed by the US, EU, UK and other nations begin to bite. Two vessels were seized in Europe and others are relocating to countries with no US

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Florida maritime attorney suspended

Florida maritime attorney suspended

The Florida yachting community has been shaken by the news that Danielle Butler, Luxury Law Group former managing partner, has been suspended by the Florida Supreme Court (effective Friday, June 18th). The Fort Lauderdale-based maritime attorney pleaded no contest in

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Sunseeker yacht, worth $4m, impounded over legal row in Florida port

Sunseeker yacht, worth $4m, impounded over legal row in Florida port

A $4m Sunseeker International 74 Sport Yacht has been impounded in a Florida port for nearly four months, during an unresolved legal row between the manufacturer, its US distributor, a broker and the yacht’s would-be owner.  US marshals arrested the

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Dubai court orders release of arrested superyacht Luna

Dubai court orders release of arrested superyacht Luna

A Dubai court has ordered the release of £350m superyacht, Luna, which has been centre stage in an ongoing legal battle between the Russian oil and gas magnate Farkhad Akhmedov and his former wife, Tatiana Akhmedova. The ruling has highlighted

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End of the French VAT lump-sum reduction, unchartered territory?

End of the French VAT lump-sum reduction, unchartered territory?

Under direction from the European Commission, French Tax Authorities announced on Thursday (30th January) that from March 30th 2020 a reduction on the proportion of time spent outside of French and EU waters will replace the current tax regulation governing

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Private judicial yacht sales should be ‘free and unencumbered’

Private judicial yacht sales should be ‘free and unencumbered’

Yacht sales ordered by courts should be “free and unencumbered”, the Superyacht Finance Forum was told. Judicial yacht sales should be “free and unencumbered” by historic unpaid debt to avoid  uncertainty and “the chaotic situation” that has beset some vessels,

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OPINION: Green to become the preferred colour of superyacht designs

OPINION: Green to become the preferred colour of superyacht designs

Superyacht Wider 165 has been fitted with an electric propulsion system; part of the trend towards greener fuels. What’s the colour of your favourite superyacht? Perhaps the classic white of the 70-metre Nourah of Riyad or, at the other end

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