A court in La Spezia has suspended the liquidator of beleaguered Italian superyacht builder Gruppo Baglietto because of a conflict of interests.

Lawyer Giovanni Celle has replaced sole liquidator for the Baglietto group of shipyards, Federico Galantini, as ‘special administrator’.

Camuzzi International, majority owner of Gruppo Baglietto, is understood to be supporting the replacement of Galantini with the accountants Giovanni Grazzini and Giulio Andreani.

Ineco