Credit Suisse
Credit Suisse Wins $41 Million Superyacht Lawsuit Against Saudi Prince
Swiss lender Credit Suisse has won a $41 million lawsuit against a member of the Saudi royal family over a loan to refinance a super yacht, with London’s High Court ruling there was no viable defense to the bank’s case.Prince Fahad bin Sultan bin Abdulaziz al Saud is liable to pay his company Burgundy Sea Ltd’s debts to Credit Suisse, Judge Robert Bright said in a written ruling.The judge had ruled in Credit Suisse’s favor without a trial at a hearing last month, at which the prince and Burgundy were unrepresented…
Monaco Sportsboat Winter Series Comes to a Close
The 5th Monaco Sportsboat Winter Series of monthly regattas from October to March ended today. Organized by the Yacht Club de Monaco, in collaboration with technical clothing supplier SLAM, the meetings offer international teams an opportunity to establish their winter base in the Principality before the main season starts. Monaco, a veritable capital of yachting, attracts talent from all walks of life as evidenced by the 260-plus sailors from 11 nationalities on 180 boats, who descended on Monaco over the winter to compete in a total of 58 races.
5th Monaco Sportsboat Winter Series
The suspense is over. The penultimate Act of the Monaco Sportsboat Winter Series, monthly regattas organized from October to March by the Yacht Club de Monaco in collaboration with technical clothing supplier SLAM, has just ended for the J/70s. Nearly 150 boats representing seven nations have been on the start. Dreams of a podium finish receded for some, but came true for others like Valeria Kovalenko at the helm of Art Tube, who was again the undisputed leader. The results speak for themselves with three wins out of four races that counted.
5th Monaco Sportsboat Winter Series
Some 50 entrants and 150 sailors from nine nationalities were out again in force for Act III of the Monaco Sportsboat Winter Series, organized once a month by the Yacht Club de Monaco from October to March, in collaboration with technical clothing supplier SLAM, an initiative of Valentin Zavadnikov. She’s done it again: Valeria Kovalenko (Art Tube) won the event in the J/70s with a consistency worthy of a metronome. The Russian team have put in a faultless performance since the…
