Robert Allen Law partners Umberto Bonavita and Nick Zeher recently spoke at the Marine Money Superyacht Finance Forum, September 26, 2023, at Le Meridien Beach Plaza Hotel, Monaco, during the 2023 Monaco Yacht Show.
Senior partner, Umberto Bonavita, moderated the Finance Market panel, with panelists Lisa Verbit, Director, Bank of America, N.A., James Crew, Sales Director, Marine Finance, Close Brothers Aviation & Marine, Scott Walter, Chief Operating Officer, Shore Premier Finance, Jon Henley, Managing Director, Atlantic Capital Advisory Limited. Topics discussed were: How are rising interest rates effecting borrowing demand, Lenders’ appetite for yacht finance, Where are we seeing growth / decline in markets, What is Q3/4 looking like as we move on to the new 2024 season, Differences between U.S. and European lenders in this current economic climate, Challenges lenders face in dealing with Yacht Builders, and Challenges lenders face in dealing with Yacht Owners/Buyers.
Partner Nick Zeher, moderator for the Yacht Insurance panel, led the discussion between Thomas Gresh, Senior Vice President, Marsh McLennan, and Jill Arnold Bull, President, Lockton Insurance’s Private Risk Solutions Group, who discussed Pricing Pressures, Reduction of Coverages and, Increasing Special Deductibles.
Robert Allen Law, with offices in Miami and Palm Beach, assists domestic and foreign clients in a wide array of legal activities. The firm has a dynamic practice in the yachting industry representing yacht builders, distributors, brokers, maritime lenders and private buyers and sellers in transactions involving purchase and charter agreements, ship mortgages, marine related contracts and commercial & maritime litigation. The firm also assists clients with their business immigration, real estate, and tax planning needs. Robert Allen Law offers fluent support in English, Spanish, Italian, and Russian.