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.
Many owners who choose to finance their yachts do so not for lack of funds, but because a loan frees up capital that can be used more profitably. While the traditional method of yacht finance through a loan from a bank secured by a preferred ship mortgage has plenty of benefits, buyers may consider other options when determining how to maximize the value of their yacht acquisition.
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.
The International SeaKeeper Society (ISKS) will hold its annual Bal de la Mer gala event in San Francisco this year, the first in 15 years hosted outside of Monaco. In another first, the ISKS has chosen to honor a group instead of an individual. The Sargasso Sea Alliance (SSA) will be recognized for its work preserving the oceans.