The 143m vessel has been freed from admiralty arrest and is heading to Navantia shipyard in Cartagena, local newspaper reports
Sailing Yacht A has been freed from her arrest in Gibraltar, local newspaper Chronicle reports. The 143m vessel at the centre of a €15.3m legal battle with her builder Nobiskrug, is now heading to the Navantia shipyard in Cartagena, where she is due to have have work done on the interior before final delivery to its owner.
The 143m sailing yacht was arrested last Wednesday over an admiralty claim filed by German shipbuilder Nobiskrug against Valla Yachts Limited, the vessel’s Bermuda-registered owner.
The online news outlet says lawyers for both parties agreed the terms of a financial security pending resolution of the admiralty claim and other matters that are under arbitration in London.