US EditionBREAKING: UK Supreme Court Upholds Detention of $50M Superyacht ‘Phi’
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Focus on executive powers: UK Supreme Court confirms superyacht freezing"Phi" - far-reaching risks for yacht owners
BREAKING: UK Supreme Court Upholds Detention of $50M Superyacht ‘Phi’
The United Kingdom’s Supreme Court has ruled in favor of the government’s continued detention of Phi, a 192-foot (58.5-meter) motor yacht valued at $50 million. Built by the renowned Dutch shipyard Royal Huisman and delivered in 2021, Phi has been held in London’s Canary Wharf since March 2022 under Russian sanctions. The yacht’s registered owner, Dalston Projects Ltd., had appealed the seizure, but the court dismissed their claim. The detention…
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