Following her delivery from The Italian Sea Group’s shipyard, the new 24-metre Picchiotti yacht enters her first charter season under the Central Agency of Royal Yacht International.
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The Florence Court has upheld the claims filed by five yacht owners against the protective measures granted to The Italian Sea Group within the framework of its negotiated crisis settlement procedure. The decision is highly targeted: it does not stop the procedure, nor does it affect the group’s other creditors, but it redraws a crucial legal boundary — the distinction between the shipyard’s assets and the owner’s property rights over yachts already under construction
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The Italian Sea Group achieved a triple victory at the 17th edition of The International Yacht & Aviation Awards 2026, promoted by Design et Al, to celebrate global excellence in style and architecture in the Yachting, Private Aviation, and Hospitality sectors
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Just days after announcing its capital imbalance and restructuring plan, The Italian Sea Group has updated the market on the status of its ongoing yacht construction projects and expects to return to full operational capacity in early June. The shareholders’ meeting has also been convened for July 22
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The Italian Sea Group has formally acknowledged a significant capital impairment under Article 2447 of the Italian Civil Code: the company’s share capital has fallen below the legal minimum threshold. The Board of Directors has launched a restructuring process, confirmed business continuity and activated the protective measures provided for under Italy’s Corporate Crisis Code. Measures under consideration include renegotiation of contracts, revaluation of real estate assets and the possible disposal of non-strategic properties
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