The first phase of the competitive process launched as part of The Italian Sea Group’s restructuring has been completed. The proposals received include transactions structured as both Asset Deals and Share Deals. The company’s advisors will now select the parties to be admitted to due diligence, ahead of binding offers due by 15 October
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According to Bloomberg, Italy’s financial markets regulator has asked the yacht group to provide the analyses supporting its decision not to carry out an impairment test as of June 30, as well as updated order data and information on distribution agreements in the United Arab Emirates
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“Inside the Brand: Stefano Grasselli’s Perspective” is a new series of articles published by PressMare and written by Stefano Grasselli, a manager with more than thirty years of experience in communications, marketing and the management of internationally recognised brands
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The freezing of yachts linked to individuals subject to European sanctions is entering an increasingly complex phase. After years of vessels being detained, rising management costs and growing uncertainty for shipyards and industry operators, two recent judicial decisions, one by the Court of Justice of the European Union and the other by the Administrative Court of Frankfurt, have reignited the debate over the limits of, and responsibilities involved in, the enforcement of sanctions
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