THE LEGAL TEAM
Gianfranco Puopolo looks at the importance of having a specialised legal team assisting you in the lifecycle of superyacht ownership.
The Yachting Industry has undergone some extraordinary developments in the last 15 years. Due to the development in technology and to the privatization of large shipyards whose production was previously mainly dedicated to the construction of commercial vessels, the number of players in the world of yacht builders has increased and the dimensions of the vessels built have become increasingly similar to those of sizeable commercial ships.
If one also considers that the number of wealthy people who can afford purchasing or chartering superyachts has exponentially increased, the yachting industry is certainly living a magic moment.
A building or buying a yacht is a decision that is often driven by passion and emotions. However, a savvy yacht owner should always take into consideration that the advice of professionals is required to successfully complete the construction or purchase of a yacht. In such a case, it is essential to choose people who truly understand the yachting industry.
Who we are
PG Legal is an award-winning international law firm specialized in Luxury Assets. More than 20 years of experience with Superyachts, Private Jets, Luxury Property, and Art make us a top-tier firm chosen by international corporate and private clients.
PG Legal Superyacht Team has extensive experience in this highly niche area. We act for luxury yacht builders, UHNW individuals, banks, finance institutions, insurance companies, and other industry professionals such as corporate service providers, brokers, yacht managers, designers, and suppliers of the yacht industry.
Our team of lawyers is multidisciplinary and assists our clients as a“one-stop-shop” on all legal and tax issues related to the ownership cycle of a superyacht.
PG Legal Superyacht Team assists its clients in Italy and internationally, and for this, it has established a network of trusted partner law firms of top reputation specializing in luxury assets based in the main luxury hubs such as Monaco, London, Geneva, Paris, Miami, Fort Lauderdale, Palm Beach, and the UAE. What we do
We assist our international clients on commercial and disputes matters related to Superyachts.
Here’s a list of what we are best known for:
- Advising on yacht sale and purchase agreements
- Advising on yacht construction agreements
- Assisting on conversion and refit agreements
- Assisting naval engineers, architects, and designers with their contracts with yacht builders
- Advising banks and other finance institutions on financial arrangements for the purchase or construction of yachts
- Drafting yacht related agreements such as performance guarantees, project management agreements, development agreements
- Advising and representing clients on VAT, Tax and Customs issues
- Advising on flagging and registration of Superyachts
- Representing clients in high profile disputes, including arbitration and litigation before Italian and other EU courts
- Advising on crew employment contracts
- Representing Superyacht Owners in employment disputes in Italy and internationally
Corporate work for the yachting industry
Our Superyacht Team is involved in corporate transactions for the yachting industry; examples of our work include:
- Assisting luxury yacht builder in the sale of its brand and assets to an international leader in the design, construction, and sale of luxury yachts
- Advising on the acquisition of ship-management and crew management companies for large international ship-management groups
- Assisting investors in the acquisition of companies holding port licenses or concessions
- Advising companies owning and managing ports on maritime administrative law issues
- Assisting client in a joint venture between Italian and foreign group for the establishment and financing of the shipyard for the construction of MegaYachts
- Representing yacht builders in arbitration and litigation disputes before Italian courts and internationally on high profile cases
Why PG Legal
We make it simple! We provide the advantage of having a sole contact partner who coordinates all the attorneys involved with the project or dispute.
We keep you one step ahead of the competition! Our international cultural and educational experience allows us to keep our clients updated on Italian, European, and other foreign legal developments.
We speak your language! We assist our clients in Italian, English, German, French, Spanish. We are as diverse as our clients!
International
We have an international network of trusted partner law firms specialized in the superyacht industry based in Monaco, London, Miami, Fort Lauderdale, Palm Beach, and the UAE.
For more details visit: www.pglegal.it