Successful Sale – M/Y Aroha

Dawson & Associates is pleased to have assisted with another successful superyacht transaction, with the sale of the M/Y Aroha.

The transaction was a complicated one with a vigorous negotiating process, highlighting the importance of having both experienced legal practitioners and reliable on the ground brokerage support. Ultimately the Dawson & Associates team guided the parties to work pragmatically together, and the transaction was closed seamlessly in international waters off the coast of Spain.

Dawson & Associates is grateful to all the parties for their pragmatism and professionalism throughout the matter, in particular to the seller’s brokers Cecil Wright & Partners Limited.

Selling a vessel, particularly one in class, is an incredibly complicated process; one which can often strike parties unaware. Needless to say, it is much more complicated than buying or selling a house! Having advisors who understand vessels, the interplay between classification societies, condition surveys, sea trials, and closing mechanisms, among other things, is critical to having a process that runs as smoothly as possible.

Dawson & Associates are maritime legal experts who regularly assist in the sale and purchase of vessels ranging from superyachts to large workboats, and everything in between.

If you have any questions about buying or selling a vessel, whether in New Zealand or overseas, or anything else to do with a vessel transaction, or want advice on a transaction you are considering entering into, please contact Peter Dawson by email peter@maritimelaw.co.nz; phone +64 27 229 9624 or Troy Stade by email troy@maritimelaw.co.nz; phone +64 27 368 6730.