Remote hearing leads to £2m recovered for client

March 15th, 2021

We worked with a yacht-owner to help them with difficulties they were experiencing with a motor yacht worth approximately £2m.

Despite being purchased as new, the vessel was found to have a number of significant defects that prevented any independent use of it for over 15 months. On instruction, we arranged for a detailed survey and analysis of the vessel to be carried out – with Verisona’s Head of Marine Tim Reynolds flying out to the Eastern Mediterranean himself to meet with the client.

The case was vigorously resisted and ultimately was the subject of a seven day Arbitration Hearing which found in favour of our client, whose entitlement to reject the vessel and obtain redress was upheld. Our client received damages and recompense of approximately £2m, together with an Order for Costs.

The success of this claim is a direct consequence of our actions as above and the use of suitably expert counsel and marine surveyors in order to ensure that the complex factual matrix, some of which related to complex engineering issues, as properly presented during the remote Arbitration Hearing, in which a number of witnesses gave remote evidence from both the Caribbean and the Mediterranean.