Comprehensively Yachts, December 2025 Bulletin
Welcome to the Comprehensively Yachts semi-annual bulletin, featuring an array of insights and discussions on key topics within the yachting industry.
In this edition of Comprehensively Yachts, we start with the latest on the embattled motor yacht PHI, which remains detained in London. Our Hong Kong team explores plans to position the jurisdiction as Asia-Pacific’s yachting hub and the challenges ahead.
As construction and refit projects grow in scale and cost, our marine insurance team question whether it’s time to rethink builder’s risk insurance. From Monaco, we review the DAZN v Coupang Court of Appeal decision and its reminder to take care with contract negotiations.
We conclude with three regulatory updates: Isle of Man’s Yacht Engaged in Trade, Malta’s new Commercial Yacht Code and the UK’s Sport or Pleasure Vessel Code.
The case of Phi, detained by the UK since 28 March 2022, will be well known to many readers. In the most recent development, the UK Supreme Court…
Hong Kong is aiming to become Asia’s premier yacht hub. In the Chief Executive’s 2025 Policy Address, the government of Hong Kong Special…
Ensuring appropriate builder’s risk insurance is in place when undertaking a new build or a substantial refit, repair or conversion is a crucial…
In the recent Court of Appeal decision DAZN v Coupang [2025] EWCA Civ 1083, it was confirmed that a binding contract can be formed via an exchange…
Readers will be aware that the Yacht Engaged in Trade (YET) scheme is a regulatory framework that allows privately-registered yachts to undertake…
On 20 May this year, the Transport Malta’s Merchant Shipping Directorate published a revised Commercial Yacht Code (the CYC). The new 2025 CYC came…
Following a two-year discussion period between the UK Maritime and Coastguard Agency (the MCA) and its stakeholders, including commercial operators…
