The 2022 arrest and sale of two Crystal Cruises in The Bahamas marked only the beginning of a complex and high-stakes legal saga. Richard Horton (Partner), Darzhon Rolle (Associate), and Emma Van Wynen (Pupil Associate), Alexiou Knowles & Co., acted for and continues to represent the Bank as lender and First Priority Registered Mortgagee over the two Crystal Cruises motor vessels known as the M/V “Crystal Symphony” and M/V “Crystal Serenity” (the “Vessels”). The team secured the arrest of the Vessels in Bahamian waters in February 2022 and facilitated their eventual sale, on a pendente lite basis, in June 2022 for the combined sum of $128 million. Read the full article here on Shiparrested.com
The Bahamas remains a leading jurisdiction in the realm of Admiralty and ship arrest. At Alexiou Knowles, we are proud to have played a primary role in establishing a new precedent that brings further clarity to the existing legal framework of Maritime law.