ship arrest Archives - Fichte & Co Legal

Luna the Worlds 2nd Largest Yacht Arrested in Dubai in Divorce Court Battle

Fichte Legal — Thu, 15 Feb 2018 01:06:41 +0000

A London based Russian billionaire, Mr. Farkhad Akhmedov was ordered to pay £453m to his former wife Ms. Tatiana Akhmedova, following a London divorce court battle. Mr.Akhmedov, the Oil & Gas tycoon was ordered to give his 41-year-old ex-wife 41.5% of his “staggering” wealth by a high court judge in 2016. Ms. Akhmedov had argued …

The post Luna the Worlds 2nd Largest Yacht Arrested in Dubai in Divorce Court Battle appeared first on Fichte & Co Legal.

Securing a Drydocks’ Claim

Alessandro Tricoli — Wed, 01 Nov 2017 04:09:45 +0000

Introduction Historically drydocks were seldom facing the problem of obtaining security for the work performed over a vessel. Due to a general retention right recognized nearly worldwide, the payment was in fact made before the vessel was leaving the drydocks. However, in the current market, many shipowners are asking for delayed payment terms and it is …

The post Securing a Drydocks’ Claim appeared first on Fichte & Co Legal.

Exceptional Victory for Shipowner

Fichte Legal — Sun, 01 Mar 2015 04:57:51 +0000

Late last year, the Dubai Court of First Instance made an order in favour of the Shipowner for AED 10 million in compensation for wrongful arrest. The judge ruled that the Claimant had been unlawful in arresting the Shipowner’s vessel to secure his claim against the Defendant. Fichte & Co subsequently filed a civil arrest …

The post Exceptional Victory for Shipowner appeared first on Fichte & Co Legal.