Comprehensively Yachts, May 2025 bulletin

Welcome to the Comprehensively Yachts semi-annual bulletin, featuring an array of insights and discussions on key topics within the yachting industry. As the European summer season begins, it’s time for Comprehensively Yachts, our biannual briefing to the yachting industry.

This edition features commentary on a range of topics of significance to the yachting industry. As always, we hope you enjoy it and welcome your suggestions for future topics. We begin with a piece from our colleagues in Dubai on recent changes in the law in Saudi Arabia designed to both regulate and encourage the commercial operation of large yachts in the Red Sea waters of Saudi Arabia. Our Dubai office, established in 2006, is a key part of our global yacht practice, offering seamless service to clients in the UAE and GCC region. With our global experience of yachting and our decades of local experience, including from our offices in Dubai, Abu Dhabi, Riyadh, and Kuwait, we can provide unrivalled legal support to the yachting industry in this region.

We also cover the implications of a recent Florida court ruling for Jones Act seafarers, the legacy of LIBOR in yachting contracts, a recent challenge to arbitration proceedings in the London courts, the importance of clear English law contracts and the need for yachts to get abreast of the EU's Anti-Trafficking Regulation on cultural goods.

Click on the link to read the stories:

https://www.hfw.com/insights/bulletin/comprehensively-yachts-may-2025-bulletin/

• Yachting in the Kingdom of Saudi Arabia
• Jones Act Claim
• Discontinuation of LIBOR – Impact on Commercial Contracts
• A Rare Setting Aside of an Arbitration Award
• Winch Design Limited v. Le Souef & anor [2025] EWHC 120 (Comm)
• Artwork on Yachts Soon to be Subject to Anti-Trafficking Regulation

Compiled by William Maclachlan (Partner) UK

For more information contact: william.maclachlan@hfw.com