The 92.5-metre superyacht Royal Romance, built by Feadship, is moving closer to a long-anticipated sale after nearly four years of legal and procedural developments.
Originally seized in Croatia in 2022, the yacht is now entering a critical phase, with Ukraine’s National Asset Recovery and Management Agency (ARMA) confirming that preparations are underway for valuation and eventual sale.
From Seizure to Trial Stage
The case has progressed to the trial stage, following the completion of a pre-trial investigation. According to ARMA, legal materials have been transferred between Ukraine and Croatia under international cooperation frameworks, marking a significant procedural milestone.
The sale process will ultimately depend on a ruling from an investigating judge, with authorities emphasising the need for a transparent and publicly accountable transaction.
A Complex Legal Journey
The path toward sale has been marked by delays and legal uncertainty. The yacht was initially seized due to links to a sanctioned Russian owner, with early plans to auction the vessel announced in 2024.
However, complications arose when legal authority over the sale was challenged, and a Croatian court temporarily lifted the seizure due to procedural issues. Subsequent actions, including formal complaints by ARMA and renewed cooperation between Ukrainian and Croatian authorities, have gradually brought the case back on track.
Throughout this period, Royal Romance has remained under joint oversight, including relocation for maintenance and continued custody at a secure facility in Split.
A High-Value Asset
Valued at approximately $200 million, Royal Romance represents one of the most high-profile seized superyachts linked to international sanctions. Authorities have reiterated that proceeds from the eventual sale are intended to be transferred to state accounts and distributed in accordance with legal frameworks.
Toward Resolution
With the case now advancing through the courts, the focus shifts to finalising the legal pathway for sale and executing the transaction.
The outcome of the Royal Romance case is likely to serve as a benchmark for future asset recovery and enforcement processes within the superyacht sector, highlighting the complexities of cross-border legal coordination in high-value maritime assets.
