Mr Starck called in the debt collectors and had the yacht impounded,
The Port of Amsterdam confirmed that the boat is not allowed to leave.
Jeroen Ranzijn, spokesman for the Port of Amsterdam told the BBC: "The boat is brand new but there is a 3m euro claim on it. The parties will have to fight it out."
Roelant Klaassen, a lawyer representing Mr Starck's company, Ubik, told the Reuters news agency that the boat would remain in port pending payment by lawyers representing Mr Jobs' estate.
"These guys trusted each other, so there wasn't a very detailed contract," he said.