Superyacht companies have been warned that they need to undergo serious cultural change in the wake of new UK laws on tax evasion. The Criminal Finances Act 2017 came into force on 30 September, and makes company owners liable when
Photo courtesy of PT Money Just when everyone was getting back from Monaco this year, the French government submitted a finance bill that could see bigger taxes on superyachts. The new French Finance Bill for 2018 looks to replace the
Yacht owners are facing increasing risk and uncertainty arising from crew employment claims in France. What claims? Crew members are successfully arguing on termination that French law applies to their employment contract. Why would French law apply to an employment contract
Duncan Bateson and Siobhan Silk are joining law firm Ince & Co in London. “We are delighted to welcome Duncan and Siobhan to the firm. Their arrival in London builds on our established superyacht transactional capability in the UK, France
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
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
