Indian Empress Auction Drama Takes a New Turn

UPDATE, SEPTEMBER 26, 2018: The Maltese court has accepted an offer put forth on September 18. According to the Times of Malta newspaper, a company named Sea Beauty Yachting Limited offered €35 million, in a deal with Barclays Bank, a creditor. All registered creditors can now seek payment from that sum. UPDATE, SEPTEMBER 20, 2018: The 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