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Fiji hands over $300m Amadea to US authorities

Fiji hands over $300m Amadea to US authorities

The Fijian government has handed over the seized $300m superyacht Amadea to US authorities in a move that demonstrates Washington’s 7,767-mile field of influence. Today’s decision by the Supreme Court of Fiji overturned the High Court’s earlier ruling to allow

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Superyachts, the Fifth Amendment, and the French Revolution

Superyachts, the Fifth Amendment, and the French Revolution

The Founding Fathers, the French proletariat and 205ft luxury yachts may never have been mentioned in the same instance before; yet all are prominent features of discussion since the latest development from US legislators. US Congress voted in favour of

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Fijian authorities seize Russian-owned superyacht on US’ behalf

Fijian authorities seize Russian-owned superyacht on US’ behalf

Fijian law enforcement have executed a seizure warrant on request from the US freezing the 348ft superyacht Amadea owned by sanctioned oligarch Suleiman Kerimov. Assisted by the FBI, Fijian authorities seized the yacht following of a warrant from a US

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As sanctions bite, what happens to Russian-owned superyachts?

As sanctions bite, what happens to Russian-owned superyachts?

In the past eight weeks at least 25 Russian superyachts have been seized, arrested or detained by governments, banks and law enforcement agencies. This includes 12 under construction in the Netherlands. It also includes Dilbar (pictured above) (linked to sanctioned Russian

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Thousands of crew affected by Russia sanctions

Thousands of crew affected by Russia sanctions

Up to 4,500 crew working on superyachts owned by Russians are being impacted by sanctions imposed after the invasion of Ukraine. Some have reportedly lost their jobs, while others fear non- payment of their wages, according to industry sources consulted

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Oligarchs: UBO sightings on the rise, seizures follow

Oligarchs: UBO sightings on the rise, seizures follow

No not unidentified flying objects (UFO). It’s ultimate beneficial owners (UBO), namely oligarchs, who have been sought out in recent weeks. Whilst sanctions lists have grown in response to the intensifying conflict in Ukraine, governments have been arresting and seizing

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Flagship: Is Russian yachting on the rise?

Flagship: Is Russian yachting on the rise?

Three oceans, 11 time zones, 147m inhabitants. Russia is the largest country in the world. As well as the oceans it has 11 seas and over 100,000km of inland waterways, yet it occupies just 2% of the marine shipbuilding market.

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The New Russian CFC Rules – A Superyacht Perspective

The New Russian CFC Rules – A Superyacht Perspective

Quentin Bargate and Adam Ramlugon, Bargate Murray, look at the impact of the new Russian CFC Rules on the superyacht industry. For some time now, the Russian authorities have expressed concerns over the use of offshore structures by Russian corporations

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