Liquidations & Banks
Framework Intervention
We act alongside banks, credit institutions, maritime leasing companies, court-appointed administrators and insolvency bodies when vessels become legally constrained as a result of financial default, lease termination or collective proceedings.
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Such situations directly expose institutional asset holders to significant legal, regulatory and reputational risks, often incompatible with standard yachting market practices.
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Our role is to structure and secure the disposal process, without commercial brokerage, in order to restore legal clarity, preserve asset value and carry the transaction through to a defensible and enforceable closing.
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Where required, we also organize the vessel’s transitional management, including crew setup, social and payroll monitoring, maintenance and upkeep, as well as cost assessment and control, with the possibility of advancing funds depending on the applicable framework.
Asset Typology
We intervene on legally constrained but technically operable vessels, notably arising from:
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termination of maritime leasing agreements,
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banking or financial defaults,
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enforcement of security interests or asset repossessions,
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collective proceedings (safeguard, restructuring, liquidation),
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civil or commercial disputes affecting the vessel’s transferability.
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The units concerned may include:
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private pleasure yachts,
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commercial yachts,
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operational units rendered inaccessible to traditional sales channels due to their legal context.
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These assets are neither obsolete nor inherently unsellable.
They require a specific disposal methodology, distinct from traditional brokerage practices, adapted to institutional constraints and compliance requirements.
Procedural Structuring of the Disposal
The disposal is structured from the outset around a clear and documented procedural framework, enabling the institutional seller to retain control at every stage. This phase notably includes:
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legal analysis of the context (collective proceedings, security interests, sanctions, AML/CFT constraints),
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definition of the most appropriate disposal format (controlled private sale, organized competition, sealed bids),
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drafting of the procedural rules, timeline and process governance.
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Compliance is integrated upstream:
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pre-registration and screening of candidates,
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KYC / AML / CFT and sanctions checks from initial access to the process,
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ability to exclude candidates at any stage,
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full traceability of decisions and communications.
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Compliance is not a final check: it conditions access to the disposal process itself.
Competition and Closing
Organization of the Competitive Process
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Competition is genuine but strictly structured, in order to ensure equal treatment of candidates and protect the institutional seller:
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identical and controlled information provided to all candidates,
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targeted and proportionate publicity,
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strictly supervised inspections,framed due diligence, without over-exposing the seller,
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submission of sealed bids, excluding any emotional overbidding.
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Decision and Closing
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The decision to dispose of the asset remains sovereign, with no obligation to sell. The process concludes with:
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complete and coherent documentation,
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secured escrow arrangements and financial flows,
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a legally defensible and fully enforceable closing.
Key Considerations
Banks and institutional holders of constrained maritime assets are directly exposed to:
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the risk of secondary sanctions,
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AML/CFT liability,
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post-disposal disputes,
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prolonged immobilization of the asset,
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and progressive loss of value in the absence of an appropriate framework.
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Recourse to traditional market channels - exclusive brokerage, bilateral negotiation, uncontrolled exposure - is structurally unsuited to these contexts.
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An unstructured disposal may create more risks than it resolves, for both the institutional seller and the stakeholders involved.
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Operations conducted for banks and insolvency practitioners primarily take the form of judicial or controlled disposals, overseen through dedicated legal coordination.