We are proud to announce AGPLAW, under the leadership of Managing Partner Angelos Paphitis, alongside Stella Georgiadou (Head of Shipping) and Senior Associates (Corporate / Commercial) Elias Economou and Myrianthi Papagianni, successfully represented the Seller in the landmark USD 63 million sale of the M/A LS, a 65-meter ultra-luxury mega yacht – a one of its kind super yacht in the international yachting and maritime world.
Deal Highlights:
- Seller’s Counsel: AGPLAW
- Buyer: UHNW Family
- Yacht: M/Y LS – 65.23 meters, luxury mega yacht
- Sale Price: USD 63 million
- Time needed for completion: 3 weeks
This transaction was far more than a simple sale. Our team provided:
- Comprehensive legal and commercial advisory from the earliest stages, including structuring the transaction and seller-side strategy
- Drafting and negotiating all key sale and delivery documents, including the MOA (Memorandum of Agreement), Addendums to the MOA, Bills of Sale, Protocol of Delivery and Acceptance, and ancillary agreements
- Compilation and preparation of over 150 critical documents, including corporate, transactional, technical, marine, insurance, and flag-related materials, required for successful closing
- Ongoing review and coordination of legal, operational, and technical matters, ensuring alignment between the seller, buyer, brokers, captains, and technical teams
- Continuous oversight of regulatory, flag, and delivery requirements, including VAT considerations and international delivery logistics
- Hands-on support up to and including the execution of the Protocol of Delivery on board at international waters, ensuring a smooth and secure transition of ownership
- Monitoring and coordination all aspects of the transaction leading to a successful closing and delivery of the yacht to the Buyers, including finalisation of the Protocol of Delivery and Acceptance and liaison with all involved parties
Throughout the M/Y LS project, we worked closely and tirelessly across multiple jurisdictions, managing cross-border complexity, timing challenges, banking challenges, and high-stakes negotiations. Our team’s ability to integrate shipping law, commercial expertise, and thorough attention to detail played a pivotal role in bringing this deal to a successful close.
Kudos to our outstanding team for their hard work, expertise, and dedication in delivering a flawless outcome on such a prestigious deal.
We are deeply grateful to our client, the Seller, for placing their trust in us for this significant transaction and look forward to continuing to support them in their ongoing maritime ventures.
