1 Superyacht the Issue 155 july 2014 TRUTH OPINION KNOWLEDGE IDEAS AND EXPERT INDUSTRy ANALy SIS RepoRt natural selection Nautor Air, the next stage in the development of the pocket explorer from Cantiere delle Marche. Page 24 new blood The value of apprenticeship schemes TSR looks at the benefits of training at grassroots level. Page 35 shipyard intelligence A five-year review examining what has been delivered between 2009 and Page 49 taking a seat at the table The top three builders in the USA order book talk about their positioning in the new-build market.
2 Issue 155 / Sponsored Content 63 The 2014 Superyacht Lawyers Index Operating within the confines of a post-crisis economy the uhnwis who ultimately drive our industry are demanding greater professionalism from an increasingly qualified group of advisors to protect them and their assets. However, with the marketplace contracting and the competitiveness that this garners becoming fiercer, gentleman s agreements are a thing of the past, as today s owners base their recruitment decisions on reputation and industry standing. In order to assist owners and their advisors in this process, we have compiled a list of the legal advice available in our industry. Bohonnon Law Firm 195 Church Street, 8th Floor, New Haven, Connecticut 06510, USA Contact: David M. Bohonnon Tel: Website: The Bohonnon Law Firm is a fourth-generation, AV rated law firm focused on helping clients achieve their goals in civil law, corporate law, estate and tax planning and maritime law communities in the United States and internationally. Coverage base: eastern coast of United States US & international superyacht construction and purchase and sale agreement drafting and negotiation State and federal US tax law: audit, appeals and litigation all facets of yacht ownership and operation Litigation and arbitration of maritime contract disputes, construction defect claims, warranty, causality and insurance claims Handle vessel arrest and foreclosure matters maritime liens, NOAA and US regulatory disputes US and international vessel registration and flagging US sustoms and duty matters Crew and management contracts (MLC) Clyde & Co LLP Clyde & Co LLP, The St Botolph Building, 138 Houndsditch, London EC3A 7AR, UK Contact: John Leonida Tel: +44 (0) / #SuperyachtLaw Website: / Clyde & Co s bespoke, first-class service is second to none, providing essential guidance and support on commercial and operational decisions. Our level of knowledge is unique and with our full-service approach we can cover asset finance, tax, employment, insurance, corporate law, disputes and regulatory issues. Our specialist lawyers are dual qualified and multilingual. This, coupled with our capability to deal with regional issues through our global network of offices and local correspondents, means we offer support across every jurisdiction. Africa, Asia, Australia, Europe, North America and South America New build negotiations Marine casualty Sale and purchase Marine insurance Yacht finance Yacht litigation Owning and operating structures Crewing and management
3 64 Issue 155 / Sponsored Content The 2014 Superya 2401 PGA Blvd, Suite 260, Palm Beach Gardens, Florida 33410, USA Contact: Jeffrey W. Cox Tel: Website: Cox Maritime Law handles all legal matters related to yacht ownership. Mr Cox is a Florida licensed attorney, with a worldwide network of yachting industry and legal contacts that allows our offi ce to provide global assistance with all legal matters pertaining to the ownership of large yachts. We handle all facets of the transaction from the initial purchase agreement to the closing and documentation of the yacht. i Yacht purchasing or sales New yacht construction Forming foreign and domestic corporations Offshore closings Foreign fl agging Yacht chartering Crew employment Documentation services CredenCe maritime 40, Sir Augustus Bartolo Street, Ta Xbiex, Malta Contact: Adrian Muscat Azzopardi Tel: Website: Credence Maritime, a subsidiary of Credence Corporate and Advisory Services, puts a highly specialised team of professionals at your disposal. We offer legal advice on all aspects involved in the ownership and management of pleasure or commercial vessels. Credence also advises on bespoke ownership structures for optimal fi scal considerations. Our registration department offers an end-to-end registration and representation service of vessels in Malta. include: Ownership structures Advice on charter contracts, sale Legal advice on new-builds, and acquisition representing the owner with Crew contracts, payroll and the yard. endorsements Set up of efficient VAT aand tax Handling of accounts, VAT and structures tax, banking. Trusts and fi duciary, corporate, contract drafting and advice, tax, international legal, investment funds, fi nancial services, licensing (E-money, banking). dabelstein & PassehL Grosse Elbstrasse 36, Hamburg, Germany Contact: Dr Jan Dreyer/Sieke Kremer-Tiedchen Tel: +49 (0) / Website: Founded in 1930 Dabelstein and Passehl specialises in advice to all parties in the maritime industry and has unique expertise in all shipping-related areas of business. When it comes to luxury yachts, we have advised shipyards, suppliers, owners, managers and fi nancing, registration, crewing, insurance and those operating the craft. Our team of 30 lawyers ensures a timely response to your requirements. Ems Offi ce, Leer, Germany. Building, supply and design Marine Insurance contracts, fi nancing and Crew contracts securities Conversion and repair contracts Sale and purchase Yacht transports New building and registration Collisions Company law related to shipping Criminal charges against owners and operators etude andré harpes 1, place du Théâtre, L-2613, Luxembourg Contact: André Harpes, lawyer Tel: Website: Since 1996 our fi rm has been strongly committed to the national public ship register and in particular to the evolution of the unique opportunity provided by the Red Lion Flag. The yachting industry is a crucial part of our business, resulting in a highly developed knowledge of VAT matters concerning every aspect of the industry. Our full range of services covers the planning stages through to the choice of fl ag as well as yacht fi nancing and registration. We also provide yacht owners with property and operating structures in terms of corporate and tax compliance, offering the most balanced solution to their particular personal requirements. Choice of fl ag Providing property and Financing and registration of your yacht operating structures in terms of corporate and tax compliance Mortgage registration Domiciliation
4 Issue 155 / Sponsored Content 65 cht Lawyers Index Béatrice FAVAREL D.E.S.S. Juriste d Affaires International D.E.S.S. Droit Maritime et des Transports Sébastien GOULET D.E.S.S. Droit des Affaires D.E.S.S. Juriste International F A V A R E L & A S S O C I E S 18 quai de Rive Neuve, Marseille, France Contact: Béatrice Favarel Tel: , Béatrice Favarel : and Sébastien Goulet : Website: Since 1997, Favarel & Associés s practice areas have been developed to offer high expertise in international litigation, whether it be relating to international business law, tort or maritime law. The fi rm deals on a regular basis with the negotiating and drafting of international Marseille, construction le 21 contracts mai 2014 for mega-luxury yachts (COUACH). Favarel & Associés is also well-known for being extremely reactive in cases of ship-arrests, environmental disasters and international labour accidents. Object : The 2014 Superyacht Lawyer s Index Clé Paris DOM -Martinique : Guadeloupe : 35 boulevard 54 bd Charles de Gaulle 23 Rue F. Arago Malesherbes Fort de France Pointe à Pitre Paris Compagny Name : Favarel et Associés Avocats Associés Denis MOURALIS Agrégé des Facultés de Droit fesseur à l Université d Avignon Consultant élène de FERRIERES Lauréate Ecole de Formation du Barreau de Paris DEA Droit International Diploma in Legal Studies Oxford University Frank FARHANA Docteur en Droit Master II Droit Maritime et des Transports Marie FEUILLARD KARMANOV Master II Droit Privé et roit du commerce International Master II Géopolitique et Relations Internationales 18, Quai de Rive-Neuve Marseille Tél : Fax : FaVareL & associés Specialist areas Head of superyacht office Adress legal expertise : 18 quai de Rive Neuve, Marseille, Drafting France of building contracts Ship arrests of yachts and superyachts Tax law Avocats Financing Website of yachts : and Ship registration superyachts, mortgages Public maritime law Insurance, Contact reinsurance Name: Béatrice Favarel Telephone Number: GarriGues Hermosilla, 3, Madrid, Spain Contact: Miguel Angel Serra Guasch Tel: Mobile: Website: Garrigues is the Iberian Peninsula s leading tax and legal services fi rm in terms of professional headcount and billings, the leading law fi rm in continental Europe and we have our own presence in Europe, America, Asia and Africa. Our history dates back to 1941 and our work is marked by the business-fi rst approach and global vision that have made the fi rm the market leader. At present, our team is made up of more than 2,000 people and offers advice all over the world on the whole range of business-law-related matters. 23 offi ces in Spain. Among others: Madrid, Barcelona, Palma de Mallorca, Valencia, Seville, New York, London, Brussels, Shanghai, Lisbon, Porto, Warsaw, Lima, Casablanca, Sao Paulo and Tangiers. Tourism and hotels, transport and shipping, corporate governance & corporate responsibility, family business, private equity, real estate, automotive, banks and savings banks, energy, telecommunication & media, technology and outsourcing, pharmacy and biotechnology. Correspondants DOM Martinique 54 bd Charles de Gaulle Fort de France Guadeloupe 23 rue F. Arago Pointe à Pitre Saint-Barthélemy 30 Villa Créole Saint Jean Saint Barthélémy Business Description: Since 1997, Favarel & Associés s practice areas have been developed to offer a Geronymakis & Partners high expertise in international litigation, whether it be relating to international business law, tort or maritime law. Friary Court, 65 Crutched Friars, London EC3N 2AE, UK Contacts: Jay Tooker, Partner/Elinor Dautlich, Partner The firm deals on a regular basis with the negotiating and drafting of Tel: +44 (0) GeronymaKis international construction & contracts Partners for mega- luxury Yachts (CNC COUACH). / Law office Website: Favarel & Associés is also well- known for being extremely reactive in cases of 371 Syngrou ship- arrests, Avenue, P. Faliro environmental 17564, Attiki, disasters Greece and international labor accidents. Contact: Aris Geronymakis Tel: Website: Geronymakis & Partners Law Offi ce is highly specialised in all yachting-related SELARL AU CAPITAL SOCIAL DE RCS MARSEILLE N 2005 D SIRET N transactions. Our yachting legal teams stays always up to date with recent N TVA INTRACOMMUNAUTAIRE : FR CODE APE : 741A legislation and regulations, and through our international network we are able to undertake any yachting-related project on a worldwide basis. Sale and purchase transactions EU and offshore ownership VAT specialists structures Yacht leasing and fi nancing Commercial structures EU and offshore fl at Insurance claims registrations Real Estate, tax planning, business law, aviation law, corporate structures. HFW is ranked by legal directories Chambers and Legal 500 as a top law fi rm specialising in the maritime sector. Our broad yacht practice draws together a large team of international lawyers with in-depth knowledge of this sector. With 13 international offi ces, we provide an integrated global service. While we have years of experience within the yacht sector, all of our lawyers also have experience in the wider maritime industry, meaning our advice to clients always has a commercial perspective. London, Paris, Brussels, Geneva, Piraeus, Dubai, Hong Kong, Shanghai, Singapore, Melbourne, Sydney, Perth, São Paulo. Construction, refi t and design Insurance contract Management and crewing Finance and leasing, Security ownership structures/vat Dispute resolution Sale and purchase 24hr casualty and emergency Chartering response Shipping; aviation; fi nancial institutions; insurance and reinsurance; travel, cruise and leisure; energy and resources; construction; logistics; and ports and terminals.
5 66 Issue 155 / Sponsored Content The 2014 Superya Ince & Co, International House, 1 St Katharine s Way, London E1W 1AY, UK Contact: Albert Levy, global head of yachts and superyachts Tel: +44 (0) Website: incelaw.com Ince & Co has a global team of lawyers across our 11 international offices dedicated to yacht and superyacht work. We provide high quality, cost-effective legal services to yacht owners, charterers, managers, lenders, insurers, brokers, designers or builders whatever the size or type of craft. In the event of disputes, we provide clients with our full range of litigation, arbitration and mediation expertise. Beijing, Dubai, Hamburg, Hong Kong, Le Havre, London, Monaco, Paris, Piraeus, Shanghai, Singapore. Superyacht newbuilding Statutory compliance projects Commercial management and Sale and purchase of new and operation second-hand yachts Employment, crewing and Financing chartering Yacht registration Casualties and salvage Tax Insurance Aviation, business and finance, commercial disputes, energy, international trade and commodities, insurance and reinsurance, ship and asset finance, shipping. Keates Ferris Yachts and Superyachts St Martin s House, 16 St Martins Le Grand, London EC1A 4EN, UK Contacts: Jonathan Hadley-Piggin, Andrew Keates, Rachel Addinall, Jonathan Kemp Tel: +44(0) and+44(0) Website: Our team of specialist lawyers (three are ex-mariners) advise on legal affairs relating to the yachting and superyacht industry. We act in non-contentious matters, including sale, purchase and financing transactions and give advice on drafting and negotiating contracts and contractual issues arising during the course of business. We provide assistance in resolving disputes through negotiation, mediation, or arbitration/ litigation. With their background, the team brings practical expertise and wide experience in legal practice to their varied client base. Yacht construction and sale Crew agreements/employment and purchase contracts and claims Refit, management contracts Claims for defective work and and yacht finance and workmanship mortgage registration Commercial shipping dry shipping; disputes resolution; Admiralty and commodity trading and corporate/commercial. perry and neblett, P.A. Contact: James H. Perry II Tel: Website: Address: 2250 South Bayshore Dr., Suite 211, Miami, FL 33133, USA Perry & Neblett is an international maritime law firm with the knowledge and experience necessary to serve the needs of the superyacht industry. The firm has a team of dedicated professionals led by Yacht Lawyer James Perry to oversee the purchase, sale and/or construction of superyachts, and other matters such as flagging/registration, new build construction, warranty claims, offshore company formation, chartering, insurance disputes, marine finance, crew and employment matters, personal injury, and duty/vat/tax issues. Yacht Transactions Chartering New build Construction/Refit Marine Lending & Finance Yacht Registration Crew Issues Warranty Claims Maritime Liens Contract Disputes Warranty Claims Flagging/Registration Offshore Company Formation Personal Injury/Death Insurance Claims Sales and Use Tax/Duty Salvage/Towage/Pilotage Product Liability Litigation/Arbitration PG legal Via Sant Andrea, Milan, Italy Contact: Gianfranco Puopolo Tel: Website: PG Legal is an independent corporate and commercial law firm providing a full range of services to Italian and multinational corporations in a wide range of sectors. Our yachting services cover all the phases related to the construction, sale and lease of megayachts, starting from specific arrangments regarding yacht financing to yacht building contracts, repair and refit agreements to more general sale and purchase contracts, leasing and chartering agreements. Ranked in Chambers Europe 2014 as top yachting firm. Rome and Naples Specialists in superyacht legal expertise Gianfranco Puopolo Lucilla Margherita Lorenzo Ranieri Fabio Ruosi (Tax) Insurance, finance, energy, shipping, aviation, fashion and luxury goods, information technology and communication.
6 Issue 155 / Sponsored Content 67 cht Lawyers Index robert allen Law Four Seasons Office Tower, 1441 Brickell Avenue, Suite 1400, Miami, Florida 33131, USA Contact: Robert N. Allen, Jr Tel: Website: Robert Allen Law advises a diverse client base including yacht manufacturers, distributors, banks, foreign investors, and Fortune 500 companies. We have experience in cross-border, international transactions representing domestic and foreign companies in a broad array of legal activities. In addition to being a full service law fi rm that handles commercial litigation, mergers and acquisitions, real estate, corporate law, and corporate fi nance, our fi rm has developed a dynamic practice in the yachting industry representing yacht builders, yacht distributors, yacht brokers, lenders for yacht transactions, and private buyers and sellers of yachts. Yacht lending law; yacht purchase and sale transactions; yacht dealer agreements; yacht manufacturer representation; crew contracts; charter agreements; fractional ownership; yacht listing agreements. thomas CooPer LLP Ibex House, Minories, London EC3N 1HA, UK Contacts: Simon Murfi tt & John Strange Tel: simon.murfi Website: Our yacht team provides legal advice and practical guidance in all aspects of yacht and superyacht ownership, sale, purchase, fi nance, dispute resolution insurance and management. We are experienced in advising on superyachts grand prix racing yachts and private pleasure crafts and have a wealth of experience advising on yachting and maritime matters. Madrid, Paris and Piraeus. Thomas Cooper s International presence and network provides access to many jurisdictions and advise yacht underwriters, P&I clubs, Lloyd s syndicates, yacht underwriters, brokers, manufacturers, yacht owners, managers and agents, yards and marinas, marine surveyors, project managers and banks. Shipping, marine personal injury, fi nance, dispute resolution, private client, insurance and reinsurance, corporate fi nance, international arbitration, international trade and commodities. VaarZon-moreL solicitors Port newcastle australia Head office: Rm 201/ 17 Bolton Street, Newcastle, NSW, 2300 Australia Postal address: PO Box 702, Newcastle, NSW, 2300 Australia Contact: Marcel Vaarzon-Morel Tel: +61 (02) Website: Vaarzon-Morel Solicitors provides specialised services to the superyacht industry, owners, captains and crew. You can feel secure due to the special fi duciary relationship that is created when consulting with us. We advocate for you and provide advice in respect to all legal services that are required when buying, selling, operating and travelling to Australia. We provide services on an international basis, leveraging our trusted contacts around the world to offer you the best service possible. We publish legal articles in Ocean and Great Southern Route publications and are a member of Superyacht Australia and MLAANZ. Contracts including build, sale Insurance and repair contracts Maritime employment Advice on ownership structures Customs duties and business entities Export and import issues Taxation Commercial law Van steenderen mainport Lawyers B.V. Zeemansstraat 13, 3016 CN Rotterdam, The Netherlands Contacts: Arnold J. van Steenderen and Charlotte J. van Steenderen Tel: +31 (0) Website: Van Steenderen Mainport Lawyers is a leading full service law firm specialising in shipping, transport, energy & offshore and insurance. We provide transactional, litigation and mediation services. We have vast experience in the superyacht market. Our eight lawyers are advising on commercial transactions and on dispute resolution through the State court and through arbitration or mediation. If necessary, we will draw on our network of lawyers and specialists in other jurisdictions. Building contracts Collision and salvage Contracts for refi ts and Sale & purchase conversions Financing documentation Charter agreements Insurance matters Registration and defl agging Design agreements Confl ict management Energy & offshore, fi nancial services, insurance, shipbuilding and transport.
Big Data Understanding innovation & steeped in IT & anticipating change & cracking the code & advice you can trust & in it from the start & that s IT with Big Data The incredible and continuous production
K&L Gates e-discovery Analysis & Technolog y Group Records are everywhere in paper, in electronic form, in large unorganized volumes. How an organization manages its records from the initial creation through
A passion to perform Fiduciary Solutions Opportunities multiply as they are seized. Sun Tzu (6th century BC) Chinese General, Military Strategist Your wealth Managing your wealth presents serious issues
Asset Management Luxembourg, your location of choice Seizing opportunities in Luxembourg This publication is exclusively designed for the general information of readers only and does not constitute professional
We re Stronger Together VIEW FROM AIG - LONDON 8:00 PM VIEW FROM AIG - LONDON 8:00 AM To help you get the most from our outstanding range of products and services, this presentation highlights the headlines,
WWW.FRC-LAW.COM F IRM N EWS We are pleased to announce that effective June 1, the attorneys of the well-known New Orleans firm of Gelpi Sullivan and Carroll have joined our firm. They bring with them a
Professional Legal Solutions for Businesses Your Full Scope IP Law Practice Table of Contents Our Firm 1 Industrial Property Administration 2 IP SCOUT Revolutionary Solution for IP Administration 3 Technology
energy JLT Specialty Limited Demand Different JLT Specialty Limited Putting clients first JLT Specialty s Energy Division is recognised as a leading energy broker worldwide. In 2012, JLT Group placed more
Annual Reports and Financial Statements 2006 Inspiring discovery Reed Elsevier is a world leading provider of Science and Medical, Legal, Education and Business information and workflow solutions. We create
Savills plc Report and Accounts Report Report and and Accounts Accounts Perspectives A unique A unique approach approach to prime to prime real estate real estate Contents Group highlights Group overview
Annual Report For the year ended 31 December 2014 A London listed asset management group specialized in the growth markets of the GCC Introduction 2 Highlights 3 Chairman s Statement 4 Strategic report
DOING BUSINESS IN THE USA A BULLET POINT GUIDE FOR FOREIGN BUSINESS PEOPLE BY AARON N. WISE Attorney at Law, Member of the New York State Bar AARON N. WISE, ESQ., PARTNER Gallet Dreyer & Berkey, LLP Attorneys
17AUG201014300121 2012 Annual Financial Report www.aon.com 2APR200413262383 To Our Shareholders: I am pleased to report that our firm finished 2012 with another year of strong performance, reflecting continued
Maritime EXPERTISE ANNUAL REPORT 2014 Our financial year 2014 Key performance indicators for the Rickmers Group in million 2014 (IFRS) 2013 (IFRS) Deviation Revenues 545.4 578.6-5.7% EBITDA 209.5 191.8
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December
Fact Sheet Global Receivables Finance Banking & Finance is a founding practice of the firm and remains one of our signature strengths. Drawing on decades of experience, Mayer Brown offers a leading global
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 4, 2015 File No.001- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10 GENERAL FORM FOR REGISTRATION OF SECURITIES
GREGORY T. VARIAN ATTORNEY AT LAW 270 NORTH AVENUE - SUITE 705 TEL. 914-632-0332 NEW ROCHELLE, NEW YORK 10801 FAX 914-632-2022 Marisa Varian U61001063 Jill Solomon Spring 2011 EXECUTIVE SUMMARY The Law
L E G A L CALGARY DALLAS MEXICO CITY BOGOTA LOCAL AND REGIONAL LEGAL COUNSEL INTERNATIONAL STRATEGIES GOVERNMENT AFFAIRS COMMERCIAL AND REGULATORY MATTERS MARKET AND SECTOR INTELLIGENCE LOCAL PARTNERSHIP
ediscovery and Information Governance Practice Overview ediscovery and Information Governance Electronic discovery, or ediscovery, is increasingly changing from the exception to the norm in modern litigation.
Final Report of the Commission Expert Group on European Insurance Contract Law The information and views set out in this report are those of the members of the Expert Group and do not necessarily reflect
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December