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...Seven large yachts lie offshore, two years into world tours. I slide into “the rip”, a tidal current that carries me along the edge of a reef....
...Commended Freshfields Bruckhaus Deringer O: 6; L: 8; I: 7; Total: 21Freshfields advised Li & Fung on the sale of its logistics arm, LF Logistics, to Danish shipping group Maersk, and the buying back of...
...The war is a good reason for leaders to focus, once again, on the offshore world. What was once primarily a tax evasion industry has been swelled by loot-stashing....
...Cruise liners and residential ships were forced into a total shutdown in March 2020 after onboard coronavirus outbreaks prompted port officials to ban vessels from docking or quarantine them offshore....
...Both were spun off from America’s Cup teams in the past seven years to focus on adapting technology developed for yacht racing to commercial shipping, much as Formula One drives innovation for cars....
...UK authorities have forced him to sell Chelsea Football Club and his yachts were made to leave harbours to avoid being seized....
...Other customers lack the experience for long offshore or ocean passages, and many of our deliveries are for brokers delivering brand new yachts from the factory to buyers around the world....
...But there is a silver lining, says Mark — speaking to me from his yacht off the coast of New Zealand. “We also found that it [the island] is a tax haven — that’s really a bonus....
...Mr Sadr was also a director of Pilatus Capital, a company originally incorporated in the UK as Sirius Trade and Finance by Mehdi Shams, a former employee of the Iranian shipping line Irisl....
...Much of their wealth remains in offshore centres such as Cyprus and the British Virgin Islands, never making it to London....
...Together with their co-conspirators, the pair embarked on a spending spree involving yachts in the Mediterranean, holidays in Barbados and Majorca, prostitutes, overseas bank accounts and the high life....
...But, in the past, most of the money was made in real estate and shipping....
...It pays $10m and lends $90m to Bolz LLP, a small Kazakh company 3....
...In 2008, he began work on creating ACT, the arbitration service for commodity trading, shipping and trade disputes launched by the Geneva Chamber of Commerce and Industry and the Geneva Trading and Shipping...
...It’s also a fragmented sector with the top 20 logistics operators accounting for only 6 per cent of market share, according to the World Shipping Council....
...Trevor Jenkin, lawyer for Mr Raven, said the judge’s complete vindication of Mr Raven “and his co-defendants begs the question as to why this meritless claim was allowed to progress so far . . .”...
...However, VAT squabbles and environmental shipping regulations, which affect the construction and use of larger yachts, have prompted the industry to commission a series of studies examining what it contributes...
...This included allegedly permitting the company to make payments to various Madoff-related entities including £5m for a yacht and an Aston Martin car....
...Madoff was testifying as a witness for the liquidators of Madoff Securities International (MSI), who are suing MSI’s former London directors – including Stephen Raven, the former chief executive, and Bernard...
...“And we’ve a long tradition in shipping, back to when people had to leave the island to serve on ships for months on end.”...
...The Red Ensign Group represents 13 British shipping registers made up of the UK, its Crown Dependencies and Overseas Territories....
...Here you will find the high-end resorts of Biras Creek and Bitter End Yacht Club, as well as the newly opened Yacht Club Costa Smeralda, where there are 38 moorings for superyachts and a new exclusive resort...
...Although the cut may incentivise buyers purchasing property in their own name, the 4.5 per cent charge will also be levied on apartments bought by offshore structures that, until now, paid no registration...
...On the penultimate leg they had negotiated four metre waves and navigated around 200 container ships in shipping lanes....
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