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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Luxury yacht owners to consider green fuel options as regulations tighten

Luxury yacht owners to consider green fuel options as regulations tighten

The superyacht Wider 165 has been fitted with a new electric power management system. Luxury yacht owners and operators will increasingly consider green fuel options as global environmental regulations tighten according to renewable diesel manufacturer Neste, which plans to introduce

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UPDATE: 1MDB lawyer on legal issues with sale of Equanimity

UPDATE: 1MDB lawyer on legal issues with sale of Equanimity

It is not every day that superyachts are sold in execution, but that of the confiscated yacht  Equanimity set to be completed in Malaysia in November or December is expected to be completed smoothly through a sealed-bid auction. The only

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Separating morality from legality – and why yachting has the moral high ground

Separating morality from legality – and why yachting has the moral high ground

I don’t believe lawyers should write too much about morality. But following the disclosure of the ‘Paradise Papers’ in 2017, an onslaught of misguided moral righteousness resulted, villainising the wealthy for using perfectly legal means of investing their wealth in

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Getting prepared for the 2018 yacht season

Getting prepared for the 2018 yacht season

This article originally appeared on HFW’s website written by Alex Kemp, Tom Walters and William Maclachlan. The original briefing can be found here. With the early season yacht shows over and thoughts turning to summer cruising, now is the time

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M/Y Equanimity to be returned to owner

M/Y Equanimity to be returned to owner

Malaysian financier Jho Low’s 92-meter superyacht will be returned to its owner after an Indonesian court ruled that the U.S Department of Justice’s seizure in February was deemed illegal. Indonesia’s South Jakarta State Court claimed that the yacht was not

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