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Comprehensively Yachts, May 2025 bulletin

Welcome to the Comprehensively Yachts semi-annual bulletin, featuring an array of insights and discussions on key topics within the yachting industry.

Bulletin
28 May 2025

As the European summer season begins, it’s time for Comprehensively Yachts, our biannual briefing to the yachting industry. This edition features commentary on a range of topics of significance to the yachting industry. As always, we hope you enjoy it and welcome your suggestions for future topics.

We begin with a piece from our colleagues in Dubai on recent changes in the law in Saudi Arabia designed to both regulate and encourage the commercial operation of large yachts in the Red Sea waters of Saudi Arabia. Our Dubai office, established in 2006, is a key part of our global yacht practice, offering seamless service to clients in the UAE and GCC region. With our global experience of yachting and our decades of local experience, including from our offices in Dubai, Abu Dhabi, Riyadh, and Kuwait, we are able to provide unrivalled legal support to the yachting industry in this region.

We also cover the implications of a recent Florida court ruling for Jones Act seafarers, the legacy of LIBOR in yachting contracts, a recent challenge to arbitration proceedings in the London courts, the importance of clear English law contracts and the need for yachts to get abreast of the EU’s Anti-Trafficking Regulation on cultural goods.

Yachting in the Kingdom of Saudi Arabia
The dramatic coastline of the Kingdom of Saudi Arabia and in particular the Red Sea, with its crystal-clear waters and vibrant marine life is…
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Jones Act Claim
The recent Florida court decision awarding US$2.88 million to three members of the crew of the large yacht UTOPIA IV, following its collision with…
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Discontinuation of LIBOR – Impact on Commercial Contracts
The London Interbank Offered Rate was for decades the globally accepted interest benchmark for trillions of dollars of financial products…
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A Rare Setting Aside of an Arbitration Award
In the recent case of Mare Nova Incorporated v Zhangjiagang Jiushun Ship Engineering Co Ltd [2025] EWHC 223 (Comm), Mare Nova Incorporated as the…
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Winch Design Limited v. Le Souef & anor [2025] EWHC 120 (Comm)
The recent Commercial Court decision in Winch Design Limited v. Le Souef & anor [2025] EWHC 120 (Comm) provides another example of the English…
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Artwork on Yachts Soon to be Subject to Anti-Trafficking Regulation
Regulation EU 2019/880 on the introduction and import of cultural goods aims to prevent the entry into the European Union of cultural goods which…
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