HFW, the superyacht legal specialist, shares its advice on force majeure and various impacts on industry sectors…
The yachting industry, like most, has been hit hard by the rapid spread of the coronavirus disease 2019 (COVID-19) across Europe and America. However, whilst enquiries for new charters and second hand sales have significantly reduced and travel restrictions in several countries currently make yacht operation difficult, most large yachts remain fully crewed and operational and, where possible, yachts continue to prepare for the 2020 season. For now, at least, the hope remains that the outbreak can be brought under control and something can be salvaged from the forthcoming season.
SuperyachtNews.com – Business – SuperyachtNews COVID-19 Advisory – HFW Brief