The guide to Superyacht law - Fourth edition

• Will UK superyachts or UK crew based in the EU still be bound by the EU employment law? • What will happen to EU based professionals from the UK: the lawyers, the bankers, the crew, the tax advisers and superyacht brokers? Will they be allowed to stay in the EU and will they be allowed to continue to work in their chosen field? • What will happen to the insurance sector? Will the insurance market be granted the same access to European markets as before and vice versa for the European insurers in the London market? Insurers can currently conduct cross-border business without requiring further authorisation. When the UK exits the EU, UK insurers may be required to establish EU-based branches in order to underwrite business in the respective territories • Will owner’s supplies for export be delivered to superyachts visiting the UK? • Will the Mutual Assistance Programme, whereby individual customs authorities share information on tax payers, exclude the UK? • Will UK based professionals become cheaper if their services are exports? • Will UK based superyacht professionals be allowed to work on the ground in EU shipyards without work permits?

65

Made with FlippingBook Online newsletter