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The high-stakes drama of seized superyachts unfolds as landmark legal rulings reshape our understanding of who truly owns these floating palaces. Following Russia's invasion of Ukraine in 2022, vessels like the $225 million Amadea and Alpha Nero became battlegrounds where constitutional rights, maritime law, and international sanctions collide.

Judge Ho's recent 80-page ruling on Amadea delivers a masterclass in beneficial ownership principles, cutting through layers of offshore companies to determine that despite a title transfer to Edward Kudanatov, the Karamov family remained the true beneficiaries. The judge's detailed analysis of "dominion and control" establishes precedent for similar cases worldwide, explaining how courts distinguish between mere title holders and those who actually benefit from and control these assets.

Meanwhile, Alpha Nero's saga continues with yet another lawsuit filed by the daughter of the original owner, this time in US federal court after losing multiple cases in Caribbean jurisdictions. The new filing seeks financial records related to $10 million allegedly "missing" from the yacht's auction proceeds—a claim likely to face dismissal under the doctrine of comity, where US courts typically defer to foreign jurisdictions that have already ruled on substantially similar matters.

The future of Amadea seems to hang in the balance following the disbanding of the Klepto-Capture Task Force under the new administration. With Amadea costing approximately $1 million monthly to maintain, however, pressure mounts to conduct a proper judicial sale following internationally accepted standards. Importantly, it's worth noting that a successful auction will require not just due process and proper notice, but also clear commission structures for yacht brokers who introduce potential buyers—without whom the pool of qualified purchasers for these extraordinary assets would dramatically shrink.

Want to learn more about the complex legal issues affecting yacht ownership worldwide? Subscribe to The Yacht Law Podcast for expert analysis and insights from Michael Moore and Diane Byrne.

Have a yacht law question? Email it to info@megayachtnews.com or michael@moore-and-co.com for your chance to have it answered on our podcast. All requests for confidentiality and/or anonymity are respected.

Hiring a lawyer is a big decision. Visit Moore & Company for the legal team's qualifications and experience. And, to learn the latest about superyacht launches, shipyards, designs, and destinations, visit Megayacht News.

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Are you eager for extraordinary superyacht cruising experiences in Alaska? This episode offers a comprehensive exploration of the essential regulations, documentation requirements, and environmental considerations that yacht owners must be aware of before navigating these stunning waters. We uncover the increasing popularity of Alaskan cruising, highlighting why this destination has become a sought-after choice for yacht enthusiasts.

Gain insight into maritime laws that differentiate Alaska from other states, affecting how yacht travel operates in this pristine region. We discuss crucial topics such as pilotage, necessary certifications, and the environmental impact regulations in place. You'll discover the significance of having proper permits and documentation while in the state, which can be the key to avoiding legal pitfalls.

Additionally, learn about the importance of choosing a knowledgeable yacht agent. Their expertise in local laws and requirements can make your journey smoother and more rewarding. With such vital information at your fingertips, you'll be well-equipped for an unforgettable yachting experience amidst Alaska's breathtaking landscapes.

Join us, subscribe, share, and leave a review to keep our discussions going! What questions do you have about yachting in Alaska? Your insights are invaluable!

Have a yacht law question? Email it to info@megayachtnews.com or michael@moore-and-co.com for your chance to have it answered on our podcast. All requests for confidentiality and/or anonymity are respected.

Hiring a lawyer is a big decision. Visit Moore & Company for the legal team's qualifications and experience. And, to learn the latest about superyacht launches, shipyards, designs, and destinations, visit Megayacht News.

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Yacht salvage is a complex field that intertwines legal, environmental, and practical challenges. While the subject was a topic for a podcast in our first season, that episode led to more in-depth questions--as did the subsequent sinking iof the superyacht Bayesian. Therefore, in this episode, we explore notable incidents, including that of the Bayesian, and the layers of responsibility and coordination crucial for effective salvage operations with the legendary salvor Nick Sloane.

A former president of the International Salvage Union, Nick learned early lessons during his first major operation on a Spanish tanker in 1983. He gained further expertise thanks to the staggering complexities of one of the most high-profile cases in modern times, specifically the Costa Concordia salvage, Ever wondered what it takes to tackle marine emergencies and avert disaster in trying to raise a yacht or other vessel? You're about to find out. Nick shares captivating stories and profound insights that reveal the layers of responsibility, coordination, and quick decision-making required.

This episode explores the procedural and legal intricacies that make or break a yacht salvage operation. Dive into a riveting case where quick action saved a sunken yacht, and unravel the challenges of lifting these colossal vessels from the depths. Learn about how mitigating environmental damage became significantly more important following yet another high-profile salvage. Additionally, you'll hear straight from Nick why mastering buoyancy and preserving structural integrity, all the while monitoring weather windows, is just as crucial.

Join us for an eye-opening discussion that underscores the essential role of skilled salvors in protecting both the environment and financial assets.

Have a yacht law question? Email it to info@megayachtnews.com or michael@moore-and-co.com for your chance to have it answered on our podcast. All requests for confidentiality and/or anonymity are respected.

Hiring a lawyer is a big decision. Visit Moore & Company for the legal team's qualifications and experience. And, to learn the latest about superyacht launches, shipyards, designs, and destinations, visit Megayacht News.