Process to Sell Alfa Nero Continues Despite Legal Disputes

The fate of the Russian Superyacht, Alfa Nero, remains uncertain due to ownership disputes that have made its sale difficult for the government.

However, Port Manager Darwin Telemaque told Twin Island Media last week that the government is confident that the boat will sail away with a new owner soon.

The luxurious vessel has been anchored at Falmouth Harbour for over a year, and the Antiguan government has been struggling to find a buyer amidst the legal issues.

However, Port Manager Darwin Telemaque has recently provided an update on the situation, stating that progress is being made to overcome the challenges.

“I met with the AG and we addressed some concerns with the Alfa Nero. The marina owner had some concerns and we met with the AG to address these concerns. We are working to see how we can get the vessel sold. We have found no court decision that says we can’t sell the vessel,” he said

Telemaque confirmed in that radio interview that the government is currently speaking with a few prospective buyers who will go through the due diligence process.

“If they go through that process and come out squeaky clean we will then go and engage them,” he explained.

One of the obstacles to selling the yacht is the lawsuit filed by Yulia Guryeva-Motlokhov, daughter of Russian oligarch Andrey Guryev.

Her appeal to the Court of Appeal over Justice Rene Williams’ decision to deny her injunction application was rejected in November. Guryeva-Motlokhov’s lawsuit has complicated finding a buyer for the yacht, which has been up for sale for the past six months.

The Antiguan government had two preferred buyers, Eric Schmidt and Warren Halle, but both withdrew their bids for the vessel.

Halle even filed a lawsuit against the government, claiming that they violated auction rules. Despite these challenges, the government still hopes to resolve the ownership disputes and sell the superyacht.