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Antoine Guillemot

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On 27 March 2025, the yacht “Stefania” was sold at a public auction in France for 10 million euros. This sale was a result of the shipowners’ conviction for money laundering. The auction highlights the effectiveness of seizing and selling ships in criminal cases, where vessels are often high-value assets. However, it is crucial to understand that the procedures for arresting yachts or other maritime assets in civil or commercial contexts are different and often more complex.Continue Reading Judicial sale of superyacht Stefania: An opportunity to look into French ship arrest procedures

This case illustrates the complex relationship that can exist between proceedings brought against two different sea carriers arising out of the same event. French Courts addressed the following question: how can judgments issued in one of the proceedings be used in the other proceedings? Ultimately, the handling of circular recourses between cargo interests, sea carriers and stevedore companies depends on the interpretation of privity of contract and res judicata.Continue Reading One event, two legal realities! Successful outcome for Reed Smith’s Paris shipping team in major cargo claim dispute