Super-yachts Flee Italy

Shipping agents advise Greece or Croatia in wake of Briatore affair. “A bombshell” is how Fabio Pesto, president of Federagenti-yacht, the super-yacht section of the shipping agents’ federation, describes the article that appeared in the Financial Times following the seizure by financial police of Flavio Briatore’s Force Blue at La Spezia. The FT says that “some legal advisers are telling their worldwide clients, 90 per cent of whom have their yachts under a Cayman Islands flag, to take care before venturing into Italian waters”. (Corriere della Sera, 11 june 2010)
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