A pivotal court decision is expected in February 2025 regarding the constitutionality of the government’s seizure and sale of the Alfa Nero superyacht. The case pits Yulia Guryeva-Motlokhov, daughter of sanctioned Russian oligarch Andrey Guryev, against Flying Dutchman Overseas Limited, with legal challenges centered on the Port Authority Amendment Act 2023.
The government, represented by six of the 11 lawyers in the case, argues the yacht was abandoned after the owner failed to claim it within the legal timeframe. Sold for $40 million to an undisclosed Turkish billionaire, proceeds from the sale were used to address state debts.
Seized in April 2023, the Alfa Nero accrued $1.7 million in maintenance costs while docked in Falmouth Harbour. Now returning to Antigua’s waters, it is set to rejoin the charter market at the Antigua Charter Yacht Show in December 2024, according to Northrop and Johnson.
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