Neglected R269m super-yacht to be auctioned
A neglected, partially rebuilt super-yacht worth about R269m – at the centre of a long-running legal dispute while moored in Cape Town – will be sold at auction to recover more than R14m as ordered by the Western Cape High Court.
A Cape Argus report says the Bella T was indicted after it was caught up in a legal dispute between Rapaport Flagship Ltd, the applicant in the court matter, and Europa Shipping Capital SA, the second respondent.
Bella T was listed as the first respondent.
Rapaport has a claim against the vessel amounting to €835 000 or R14.6m.
Western Cape High Court Judge Nolundi Nyati has ordered that the yacht be sold by public auction under the auspices of Cape Town firm Solution Strategists acting on behalf of the court.
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