Monday, May 14, 2012

The Legal War Between Two Superyacht Billionaires

Under arrest: Solomon Lew's Maridome was 'seized' by the court for ramming Calixe in Florida.

Solomon Lew Sued Over US Luxury Yacht Bump -- The Age

RETAIL magnate Solomon Lew has become embroiled in a legal stoush with a fellow billionaire after their luxury super yachts collided in a Florida shipyard, causing damage estimated at $US500,000.

The resulting US court case against Mr Lew and his 177-foot (54-metre) yacht Maridome is the latest legal battle involving the billionaire, who in recent months has warred with the former spouses of his children over control of tens of millions of dollars held in a family trust and clashed with Mount Eliza locals over a pool built on Crown land without a permit.

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My Comment: If someone rams my boat .... they better pay for the damages. Bottom line .... I have a gut feeling that the insurance company is not happy with how this all came about.

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