Following the Russian invasion of Ukraine, the United States, United Kingdom, and the European Union have gone after assets of Russians suspected to be close to the Kremlin. Those assets include not just homes and private planes, but also their yachts. Additionally, some people associated with the assets are under arrest, while the owners themselves are not. Details and arrest situations in general can be complicated. So, The Yacht Law Podcast has Superyacht Arrests Part 1 and Superyacht Arrests Part 2 to help address the issues.
In this episode, Superyacht Arrests Part 1, maritime attorney Michael Moore and editor Diane M. Byrne address some of the most commonly asked questions. They use a few cases of superyacht arrests involving Russians as examples, too. Specifically, they explain:
- Why the motoryacht Tango (above) was one of the most significant arrests
- What led up to the arrest
- Why the owner isn’t under arrest, even though he’s accused of circumventing American finance law
- Why other people associated with Tango are under arrest, however, one of whom caught the yachting industry by surprise
- Why the arrest of the Russian-owned Amadea is equally significant, yet a completely different scenario
- Most importantly, what happens to those who engage in business and other transactions with yachts and owners under sanctions.
Listen to this episode via the player above, or on Apple Podcasts, Spotify, TuneIn, Amazon Music, or your favorite streaming service. Have a yacht law question? Email it to [email protected] or [email protected] for your chance to have it answered on this podcast. All requests for confidentiality and/or anonymity are respected.
The Yacht Law Podcast theyachtlawpodcast.buzzsprout.com
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