We are experienced in guiding our clients through acquisition, ownership, financing and management of all types of luxury assets – fine arts and collectibles, precious stones, yachts and light aircraft, horses and classic cars.
The way in which ownership of high-vlaue assets is structured is critical and often needs to be tailored to the specific circumstances of the owners to ensure balance between personal interests, commercial interest and wealth planning.
Successfully completed acquisition of a luxury yacht, involving negotiating post-closing manufacturing work, offshore closing, clearing through customs in the EU, Cayman flag registration, obtaining U.S. cruising license
Structured a complex fancy colored diamonds transaction, involving joint venture ownership, consignment, auctioning, and cutting and faceting
Successfully advised the owner and coordinated the inspection, claim coverage and repairs for a yacht following an accident at sea
Assisted with restructuring client's holding (real estate, fine art and collectibles), including review of insurance policies and negotiations with underwriters to cover gaps and additional risks
Represented as co-counsel a member of a royal family in drafting and negotiating $75K/month lease for a residential property in Greenwich, CT
Represented as co-counsel a private lender in restructuring of a defaulted loan secured by a diamond
Coordinated creation of legal, marketing and business documentation for a fancy color diamond fund (master feeder structure) focused on enhancing value of an existing collection of rare color diamonds and acquiring new diamonds
Assisted a client in importing a luxury high-performance car from Middle East to the United States to operate on the U.S. roads
Structuring Acquisition, Ownership and Sale of Luxury Assets
At Dilendorf & Khurdayan, we counsel clients on proper ownership structure, cross-border sales, flag registration and other jurisdictional and regulatory issues, application of VAT, income or excise taxes, insurance and employment issues, and overall high-value asset management concerns.
Structuring luxury asset investments – whether dealing with acquisition, sale, loan, restructuring of ownership or dispute in relation to a high-value asset – requires understanding of client’s short term and long-term goals and integration into the overall holding structure and estate plan.
- Yachts and Light Aircraft
We represent clients in connection with construction, purchase, registration and operation of private yachts and provide advice on holding structures, flag registration, and necessary permits and cruising licenses, application of VAT and excise tax, as well as coordinate international legal advice as may be required.
- Luxury Real Estate
We represent a variety of clients in connection with acquisition of high-value real estate in the U.S. and integrating such assets into the overall holding structures and estate plan.
- Art, Collectibles and Precious Stones
We advise client on a wide range of matters in connection with acquisition and ownership of fine art and collectibles – from due diligence to purchase to devising an optimal holding structure to disposition and everything in between.
- Classic Cars
Providing legal advice pre- and post-acquisition, we are well versed in due diligence and the issues that can arise following purchase of antique cars.