Legal & VAT Yacht Issues Luxury Yacht & Superyacht News

Legal & VAT Yacht Issues Luxury Yacht & Superyacht News

Superyacht Security Summit and Superyacht Fiscal Summit, March 28-29, 2012

February 17, 2012

Written by Zuzana Bednarova

The Superyacht Security and Fiscal Summit, held in March 28-29 respectively, at Glaziers Hall in the centre of London confirmed the exciting schedule of sessions as well as the first collection of top industry names as speakers of these events. ... read full story

Bali to give visiting superyachts a warm welcome thanks to new Indonesia PIB regulations

December 12, 2011

Written by Chelsea Smith

In a meeting on the 8th of December 2011 in Bali with Asia Pacific Superyachts Indonesia, Ms Nyoman Rini, Head of Customs for Benoa Harbour, gave her full support to the new Indonesia PIB regulations, welcoming in a new era for superyachts visiting Indonesia. Under the old laws, a boat could be made to pay... ... read full story

Philippines shipyard acquired by Austal

November 08, 2011

Written by Zuzana Bednarova

The leading global shipbuilder and defence prime contractor, Austal has acquired the Philippines shipyard as a part of its regionalisation strategy. ... read full story

America’s Cup Act of 2011 approved

November 07, 2011

Written by Zuzana Bednarova

The 2011 America´s Cup Act has approved by US Senate and US House of Representatives. ... read full story

RYA encourages to get involved with Government’s Red Tape Challenge-Maritime

November 04, 2011

Written by Zuzana Bednarova

RYA encourages everybody to take part in the Government’s Red Tape Challenge - Maritime on November 10. ... read full story

Tognum´s ongoing compliance investigation

October 31, 2011

Written by Zuzana Bednarova

Tognum has promised to apply strict policies of zero tolerance towards bribery and corruption as a part of its decisive measures connected with its ongoing investigation, announced today. ... read full story

Ferretti Yachts´ capital restructuring process

October 31, 2011

Written by Zuzana Bednarova

Ferretti Yachts´ Board of Directors has taken the decision to restructure its capital structure. ... read full story

European Commission brings action against French VAT exemption for commercial vessels

October 11, 2011

Written by Chelsea Smith

The European Commission has now decided to bring action before the European Court of Justice (“ECJ”) concerning the VAT exemption applied by France to certain transactions involving vessels – commonly referred to in yachting circles as the French Commercial Exemption (“FCE”). In a press release from Brussels dated 29 September 2011, the Commission accuses France... ... read full story

New Norwegian lay-up rules of foreign pleasure boats in Norway

October 11, 2011

Written by Chelsea Smith

As a direct result of lobbying by the European Boating Association (EBA) the Norwegian Directorate of Customs and Excise announced on 5 October 2011 that it would be amending its rules relating to lay-up of foreign pleasure boats in Norway.  Boat owners, whose permanent residence is outside Norway, may now leave their yacht unattended in... ... read full story

Ince & Co welcomed to the Principality by Monaco Chamber of Shipping

September 15, 2011

Written by Chelsea Smith

The leading international maritime law firm Ince & Co opened its Monaco office on 01 August 2011. The firm has been granted a licence to practise English law as Ince & Co Monaco SARL in matters relating to shipping and energy in the Principality. Welcoming the firm to the Principality, the President of the Monaco... ... read full story

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