PRESS RELEASE - Yacht AXIOMA Entry into British Gibraltar Territorial Waters
22 Oct 2021
The Captain od the Port today granted permission, after consultation with the Chief Minister as Minister with responsibility or Sanctions, for the entry into British Gibraltar Territorial Waters (BGTW) of a vessel that was confirmed to be the subject of an arrest action by a leading international bank in the Supreme Court of Gibraltar. Given the ultimate beneficial ownership of the vessel, permission would not normally have been granted for the vessel to enter BGTW. However, this has been exceptionally allowed in the interests of creditors with proper claims against the vessel and who seek the assistance of the Admiralty jurisdiction of the Supreme Court to enforce such claims. The vessel is now subject to arrest by the Admiralty Marshal until further order.