Indian Empress Auction Drama Takes a New Turn

Despite a bidder securing initial rights to acquire the yacht, another Indian Empress auction in Malta seems likely. A judge has denied a request for more time to furnish funds. Nautilus International, the global trade union seeking unpaid wages on behalf of the megayacht’s crew, states that the buyer petitioned the court for a 15-day Continue reading

Indian Empress Sold at Auction for Nearly €44 Million

The court-ordered auction of Indian Empress concluded successfully today in Malta. More than a dozen creditors should receive payments as a result. According to a source that contacted us today, the winning bid was €43.5 million (about $50.4 million at press time). Ann Fenech, managing partner of Fenech & Fenech, which represents one of the Continue reading