Using examples ripped from his case files, Lochner details ways to avoid falling victim to ruthless enforcement policies in high-tax states, as well as the potentially damaging peculiarities of maritime employment law.
On August 20, 2013, the Maritime Labor Convention (MLC) came into force. It will impact owners’ ability to commercially charter their yachts and will change the way we build yachts. Devised to protect the unprotected crew, the MLC adds another burdensome layer of governance on yachting.
The Alliance to Protect Nantucket Sound has filed a federal lawsuit against the Coast Guard, the latest in a series of suits against federal officials and agencies by groups opposing the planned Cape Wind offshore wind farm at Horseshoe Shoal that will include 130 windmills within sight of the shore.
Two congressmen reintroduced a bill that would prevent boat owners from writing off mortgage interest payments if they classify boats as second homes.
A U.S. Bankruptcy Court judge in Florida denied a trustee’s emergency motion requesting that Yacht Path International be allowed to use cash collateral to continue operations, according to court documents, resulting in the company’s shutdown.
If you are considering buying a yacht, Make sure to do “due diligence” and review your options, including corporate ownership.
In anticipation of the new rules--and to help designers and builders prepare new designs in accordance with these rules--the MCA has made its new LY3 Large Commercial Yacht Code public. MCA representatives attended the Monaco Yacht Show in September and made themselves available for questions and clarifications.
Recently, the US Navy released statistics showing a significant drop in incidences of piracy near Somalia. The New York Times, picking up on the news, characterized it as a “plunge.” Indeed the numbers are telling: There were reported 46 attacks in 2012, versus 222 in 2011 and 239 in 2010.
When traveling internationally, or even if you're staying close to home, it can be a chore to keep track of the ever-changing laws and taxes surrounding recreational boating. Here are some recent developments you may need to know about before making your next purchase or planning your next cruise.
Before you turn over the yacht keys make sure you’ve crossed your Ts. Chartering a yacht isn’t as simple as handing over the keys to a friend who’s paid $1,000 to go cruising during the weekend. This article attempts to shed some light on a few fundamentals of yacht charter in the United States.