Wir öffnen! 

Yachtklub

Die kalten Zeiten sind vorbei und wir sind wieder erwacht. In neuem Glanz und alter Schönheit sind wir ab sofort wieder für euch da! 

Kommt vorbei, genießt unsere Drinks und holt euch jede Menge Vitamin D ab. Den letzten Monaten zum Trotz wird bei uns nicht länger nur Kaffee und Kaltes geschlürft, es darf sogar wieder getanzt werden X

Am ersten Wochenende dieser Saison dürft ihr euch auf folgendes freuen: 

Fr • 1. APRIL • 22 UHR • Freebase x Yachtklub • 5€ Sa • 2. APRIL • 22 UHR • FUNKFREAKS NITE • 5€ So • 3. APRIL • 16 UHR • Sunday Sundowner VERSCHOBEN auf den 10.04.

Einlass Fr + Sa • 21 UHR So geöffnet ab 14 UHR

Ready for boarding? 🥽 (Bei uns gilt 2G+)

NEUSTART KULTUR Gefördert durch die Initiative Musik gemeinnützige Projektgesellschaft mbH im Rahmen von Neustart Kultur mit Projektmitteln der Beauftragten der Bundesregierung für Kultur und Medien.

Supported by Initiative Musik gGmbH with project funds from the Federal Government Commissioner for Culture and Media.

Winterpause bis April 2022

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Yachtklub auf dem Main Auf Höhe „Deutschherrnufer 12, 60594 Frankfurt“.

Unterhalb der Deutschen Jugendherberge, Sachsenhäuser Ufer, an der Alten Brücke.

Ab Konstablerwache: Straßenbahn 18, Richtung Lokalbahnhof: Haltestelle „Frankensteiner Platz“.

Bus 30/36, Richtung Hainer Weg: Haltestelle „Schöne Aussicht“. Parkhaus „Walter-Kolb-Straße“.

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Under-the-Radar Supreme Court Ruling Threatens Untold Damage to Government

By a vote of 6–3, with Chief Justice John Roberts writing for the majority, the Supreme Court ruled on Thursday that if the Securities and Exchange Commission wishes to seek civil penalties for violations of the anti-fraud laws that it enforces, it must go to federal court to do so , and cannot obtain that remedy in proceedings before the agency. In doing so, the court opened the door for defendants in cases before at least the two dozen agencies that work under similar statutes to raise the same challenge, threatening an untold number of agency enforcements on topics ranging from labor violations to federal trade issues.

First, it’s worth focusing on what was directly at stake in SEC v. Jarkesy itself. The SEC enforces the laws designed to assure fair dealing in the buying and selling of securities under several statutes that go far beyond common-law fraud. Among those laws are the Investment Company Act, which regulates the work of investment advisers, such as George Jarkesy. The SEC believed that he was violating various laws and commenced an administrative proceeding against him and his company. The agency eventually obtained a decision ordering the defendants not to violate certain specific laws, barring Jarkesy from engaging in certain parts of the securities business, and requiring him to disgorge $685,000 in ill-gotten gains to his clients and to pay civil penalties of $300,000. He appealed to the U.S. Court of Appeals for the 5 th Circuit, which overturned the SEC decision on three separate constitutional grounds. On Thursday, the Supreme Court agreed with one: Congress could not constitutionally permit the SEC to impose civil penalties for what the court saw as basically claims for common-law fraud. It did not discuss the other grounds.

There was no dispute that, if the SEC went to court, Jarkesy would have been entitled to a jury under the Seventh Amendment and a judge appointed for life, as well as many other procedural rules available there, but not as part of an SEC enforcement action before an administrative law judge. The government and the dissenters argued that the “public rights” doctrine, which permits Congress to assign some claims that might be brought in court to a federal agency for their determination at that agency, permitted the SEC to seek penalties without going to court. In particular, they pointed to a unanimous 1977 Supreme Court decision in Atlas Roofing Co. v. Occupational Safety and Health Review Commission that rejected a similar objection to the imposition of civil penalties there. The majority did not overrule Atlas Roofing , but distinguished it on the grounds that the law enforced there was not the equivalent of a common-law claim, like fraud is here, and so the public rights doctrine was available there, but not to the SEC. The chief justice also defended the continued viability of the public rights doctrine in a number of other situations that he concluded differed from this one. The concurring opinion of Justice Neil Gorsuch, joined by Justice Clarence Thomas, expressed broader doubts about the future of public rights as a way to move cases out of the federal courts into the agencies.

In one sense, the SEC has a clear choice: If it wants to seek penalties, it has to go to court, where it can also obtain preliminary injunctive relief not available in agency proceedings. But there is at least some question as to whether the courts have been empowered to provide all the remedies available under all of its statutes, in particular under the Investment Company Act at issue in this case. If not, can the agency seek some relief administratively, while also going to court for penalties, or would that violate the principle forbidding a party from splitting its claim?

The SEC did not have the power to seek penalties in court until 2010, and not all agencies have that power now. Going forward, every defendant facing an administrative agency complaint seeking penalties will trot out Jarkesy , and will claim that the agency is constitutionally barred from even commencing the case and the court should step in immediately. To add complexity, each agency has a different set of governing statutes, and in many of the estimated 200 laws allowing agencies to order civil penalties, the relation between them and the allegedly analogous common-law actions will be different from that at issue in Jarkesy . In short, the court appears to have given birth to a whole new body of federal court litigation, with the high court as the only entity that can decide on which side of the Atlas Roofing line a particular statute falls.

What happens next? The Jarkesy majority did not deny the SEC the right to hold an administrative hearing in this case, except to seek civil penalties. The SEC will probably argue that the rest of the case is untainted, which would leave in place the injunctions against the defendants and the disgorgement order of $685,000. Jarkesy will surely disagree. Moreover, the 5 th Circuit also ruled that Congress may not constitutionally provide for-cause protection against removal for administrative law judges at the SEC, and Jarkesy will argue that the rest of the order against him must be set aside for that reason. (The Supreme Court did not rule on this question.) The 5 th Circuit equivocated on whether that ruling could be the basis to overturn the entire decision, so that at least that remedial aspect will be back in that court. More significantly, that precedent will be cited by all defendants whose trials are being held by administrative law judges at the SEC. And on top of that, similar administrative law judge challenges are certain to arise at other agencies, probably sooner rather than later.

Beyond the specifics of this case, the decision is another in a line in which the court has, in effect, overruled Congress’ determination as to how agencies should be structured and what they can and cannot do. The net result is to make it harder for agencies to accomplish what Congress has given them the power to do, with little hope that Congress will step in and fill the voids left by the court.

This is part of  Opinionpalooza , Slate’s coverage of the major decisions from the Supreme Court this June. Alongside  Amicus , we kicked things off this year by explaining  How Originalism Ate the Law . The best way to support our work is by joining  Slate Plus . (If you are already a member, consider a  donation  or  merch !)

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It's Mark Zuckerberg's turn to have a hot yacht summer

  • Mark Zuckerberg's new yacht, Launchpad, is enjoying its summer debut.
  • The megayacht recently stopped in Mallorca and has since ventured further into the Mediterranean.
  • It looks like Zuckerberg may dethrone Jeff Bezos as king of this year's superyacht season .

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Move over, Jeff Bezos . Mark Zuckerberg is looking like this summer's Poseiden.

While the Amazon founder made waves last year with the debut of his megayacht Koru, Zuckerberg is the name on the yacht world's lips this season.

Rumors began surfacing in March that the Meta CEO had purchased Launchpad — a Dutch-built, 118-meter motor yacht originally built for a Russian oligarch.

By May, the transaction seemed all but confirmed when both the yacht and Zuckerberg made their way to Panama to celebrate his 40th birthday with a fete that included a few spins on his infamous hydrofoil .

Now that summer is here, Zuckerberg has debuted Launchpad — and her support superyacht Wingman — on the biggest stage in the yachting world: the Mediterranean.

Related stories

Zuckerberg this month treated his family to a trip aboard Launchpad off the coast of Mallorca. The family, sporting matching t-shirts, celebrated Father's Day and Zuckerberg's dad's 70th birthday, he wrote in a caption posted to Instagram. Local news outlets spotted Zuckerberg, his wife Priscilla Chan, and their three daughters on the Spanish island and aboard the yacht, which was outfitted with water slides and other toys.

View this post on Instagram A post shared by Mark Zuckerberg (@zuck)

From there, the yacht sailed to the Ligurian Sea, the spit of the Mediterranean between the Italian Riviera and Corsica.

It's likely the yacht will continue to crisscross the Mediterranean this summer. If Zuckerberg continues to post photos of his travels, we may glean more details about how he has customized the ship to his liking.

For now little is known beyond the fact that she is built by Feadship, the shipyard behind Larry Ellison's Musashi . Photos from SuperYacht Times show Launchpad features a large swimming pool and helipad. The final purchase price is not public, but a new yacht of that size would likely cost nine figures upfront and millions of dollars a year to maintain.

Perhaps, like Bezos did last year, Zuckerberg will entertain some of the most famous names in entertainment or business. ( Bezos and his fiancée, Lauren Sanchez, had an engagement party last year aboard Koru that counted Bill Gates and Leonardo DiCaprio as guests. On Friday, Bezos and Sanchez were spotted riding wave runners in the Aegean Sea alongside Kim Kardashian near the 127-meter yacht). Alternatively, Zuckerberg might prefer the privacy that is paramount to many in the superyacht world.

Whether Zuckerberg shows up as a bon vivant or doting family man this summer, Launchpad fits well into one of the most successful CEO rebrands in recent years, in which Zuckerberg went from being perceived as a robotic, mistrusted tech nerd to a kind-of-relatable, fun, fit tech bro.

Now he's got one of the largest yachts in the world to add to his cool factor (even though, regrettably for Zuckerberg, it is a mortifying nine meters shorter than Koru).

Watch: The scariest things OceanGate's CEO said about deep-sea diving

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Fernando is a Brazilian national who joined Reuters in 2021 after spending a decade in Madrid working for some of the world’s biggest sports media. As a multi-media journalist, he has covered everything from Olympics, World Cups and Champions League finals to Super Bowls and UFC fights for over 20 years. He is a sports commentator and analyst for DAZN, for Brazilian television group Globo and for Spain’s Radio Marca, as well as a regular guest in sports programs in Spanish, English and Portuguese. He holds a master’s degree in journalism from Madrid Autonomous University (UAM) and EL PAIS.

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  2. Yachtklub pub & bar, Frankfurt, Sachsenhäuser Ufer

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  6. Yachtklub pub & Bar, Frankfurt am Main, Sachsenhäuser Ufer

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