Skip to main content
Updated:
Original:

Marquis Yachts files new lawsuit against VanDutch Yachts

Marquis Yachts is filing suit against Netherlands-based VanDutch Yachts for the second time in a year.

Marquis Yachts is filing suit against Netherlands-based VanDutch Yachts for the second time in a year, saying VanDutch breached its contract with Marquis to build the Dutch company’s yachts.

Marquis Yachts, based in Wisconsin, filed a complaint in U.S. District Court saying VanDutch had failed to make several payments that caused “over $3.8 million in compensatory and liquidated damages to Marquis.”

Marquis had sued VanDutch in April 2015, saying then it had breached its contract. The companies negotiated and reached a settlement and a new manufacturing agreement.

Under the 2015 contract, Marquis agreed to manufacture several models of VanDutch yachts as forecasted and ordered by VanDutch. VanDutch agreed to pay down payment invoices upon ordering each yacht, and the balance after delivery.

“Because Marquis had to order materials and maintain a skilled labor force to meet VanDutch’s requirements, the 2015 contract further specifically provided for liquidated damages in the event of nonpayment or late payments by VanDutch,” said the complaint, which was obtained by Trade Only Today. “The liquidated damages continue to accrue daily, pursuant to the terms of the 2015 contract.”

Related

AIM Marine Group Hosts Meet the Editors Event

More than a dozen editors from Active Interest Media’s Marine Group participated in the day-long, information-sharing event.

Fairline Makes Leadership Appointments

The British luxury boatbuilder founded plans to chart its course for the future with a new CEO and the return of Derek Carter as chairman.

Battle on the Great Lakes Rages On

The Icebreaker Wind Turbine Development faces strong headwinds from boating and fishing groups.

Limestone Boat Co. Expands Dealer Network

The company adds four new dealers to its roster, with three to represent Aquasport Boats.

NMEA Announces ‘22 Training Course Schedule

For next year, marine training courses will be offered as virtual and in-person sessions for basic marine electronics installers, and in-person only for advanced installers.

GM Invests $150M in Electric Boat Start-Up

General Motors has acquired a 25-percent stake in Pure Watercraft, a Seattle-based e-propulsion outfit.

Patrick Acquires Marine and RV Seating Maker

The Elkhart, Ind.-based component manufacturer finalized its purchase of Williamsburg Marine and Williamsburg Furniture.