August 2013

Saint Lucia Considers Developing Its Yachting Presence

The government of Saint Lucia is considering plans to enhance its presence as a yachting center including a billion dollar partnership with Taiwan and the establishment of a Yachting Registration Desk.

A spokesperson for the government reports:

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Lloyd's List Latest Flag Statistics Released

Lloyd's List has released its latest annual report on the ten largest flag states as measured by deadweight tonnage:
 

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Superyacht Finance Forum to Feature VAT, Lending Discussions

Marine Money has published its program for its Superyacht Finance Forum taking place in Monaco next month.

Malta to Host Superyacht Seminar

The International Superyacht Society (ISS) and Wilfred Sultana and Associates (WSA) are hosting the seminar Malta, a Better Destination for Superyachts at the Grand Hotel Excelsior in Valleta September 11, 2013.
 
The ISS reports:
 

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Malta Introduces VAT Guidelines for Short-Term Yacht Charters

Malta has published guidelines regarding VAT application on short-term yacht charters. Superyacht News reports:

MLC Raises Questions of Shipowner Definition

The Maritime Labor Convention, which entered into force this week, has prompted questions of whether a ship's owner or manager should be held accountable for the enforcement of the convention's standards. The following article explains:

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Maltese Courts Can Approve Vessel Sales

In the following article, Dr. Matthew Attard of Ganado Advocates explains how Maltese courts can approve vessel sales for creditors seeking reimbursement from debtors who could not make their payments.

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Maritime Labor Convention in Effect

Following months of preparation, the Maritime Labor Convention has entered into force today.

Seychelles Introduces New Accounting Requirements

The Republic of Seychelles has introduced new legislation affecting bookkeeping requirements for International Business Companies registered with the jurisdiction.
 
 

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Lawyer Monthly Features Ship Registration Focus

The June 2013 edition of Lawyer Monthly contain a two-part feature on ship registration, the first part featuring comments from Ganado Advocates Partner Dr.