Following the Russian invasion of Ukraine, the United States, the UK, and the European Union have gone after the assets of those suspected to be close to the Kremlin. Trying to sort facts from rumors when it comes to the superyacht arrests involving Russian owners, though, can be challenging.
In this episode of The Yacht Law Podcast, maritime attorney Michael Moore and yachting journalists Diane Byrne address some of the most commonly asked questions, using a few cases of superyacht arrests involving Russians as examples. They explain:
1. why the motoryacht Tango was one of the most significant
2. what led up to the arrest
3. why the owner isn't under arrest, even though he's accused of circumventing U.S. finance laws--but other people associated with him are, one of whom caught the yachting industry by surprise
4. why the arrest of the Russian-owned superyacht Amadea is equally significant, yet a completely different scenario
5. perhaps most important of all, what happens to business owners who get involved in transactions with yachts and owners under sanctions.
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.
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