Burgess, the British-based company founded in 1975 by Nigel Burgess and renowned the world over for superyachts, has announced that it was recently appointed as the exclusive worldwide Central Agent by the High Court of Malaya to assist with the judicial sale of the 91.5m (300-ft) yacht Equanimity (previously owned by fugitive businessman Low Taek Jho), delivered by Oceanco in 2014.
The Edge Markets Online reported that: Lawyer Sitpah Selvaratnam, who is representing 1MDB, was reported as saying on 5 October that it is hoped the Equanimity would have a new owner and be out of Malaysia by early December. A representative for Low has said the handing over of the Equanimity yacht to Malaysia was illegal and in violation of Indonesian and US court orders. At 2,998 gross tonnes, she was built to comply with the Passenger Yacht Code (PYC) and can accommodate 18/22 guests in nine or 11 suites (one master with study that can convert into a second double, one VVIP, three VIP one of which can convert into a fourth double, two doubles and two twins) in addition to 31 crew in 17 cabins. Preeminent Winch Design designed its interiors using a variety of exotic materials.
Her well-appointed amenities include an impressive beach club and health centre with gym, massage room, sauna, hammam, plunge pool and beauty salon. Other amenities and equipment include a hospital, a helipad (certified for an Airbus EC-135 or equivalent), two 10.5m (34.5ft) Hodgdon tenders and a 20-sqm circular swimming pool. Equanimity gets its power from two MTU 20v 4000M73L engines providing a maximum speed of up to 18.5 knots. At cruising speed of 15 knots, her range is 5,000nm.
The judicial sales process will follow strict guidelines, but essentially shall be by the submission of sealed bids by qualified potential buyers, to be opened by the Sheriff of the High Court of Malaya in November/December 2018. Burgess is advised that in accordance with Admiralty law, the judicial sale will provide the buyer with an internationally recognised ownership title free of mortgage, attachment and all encumbrances.
For further details, please contact Burgess broker www.burgessyachts.com