By Raphaël MORENON
29 June 2025
Ownership of a vessel is not always the prerogative of a single person or entity. Whether by inheritance, joint purchase or operating arrangement, several people may find themselves co-owners of the same vessel. If this situation is not properly managed, it can lead to deadlock, particularly when one or more of the owners wishes to withdraw. In such cases, a sale by auction is one of the legal means of breaking the deadlock. This technical procedure involves auctioning the vessel so that its value can be shared between the various rightful owners. In these complex situations, where the financial and legal stakes are high, the assistance of a lawyer who is an expert in ship seizure and sale procedures is decisive in protecting the interests of each party. What is a sale by auction of ships? A sale by auction is a legal mechanism that makes it possible to put an end to...
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