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Ince Gordon Dadds Emergency Response +442072836999

Regulatory & compliance

Just as yachts and superyachts must be operated within the law, so companies and other organisations active in this sector must make sure they operate within their regulatory framework.

>  Our lawyers are qualified in numerous worldwide jurisdictions
>  We understand the needs of today’s international yachting businesses
>  We take a commercial, common sense approach to compliance and regulatory matters

Breaches of compliance and regulatory requirements can present a significant risk for organisations and their people operating in the yachting sector, with increased liabilities (including criminal exposure), harmful management distractions and negative publicity. For example, cyber-security is a rapidly evolving threat to our clients’ physical and commercial interests, and we particularly assist them with ensuring that they have the appropriate defences and insurance cover in place.

An effective compliance programme, however, can enhance company performance and profitability through risk reduction, reduced claim severity and lower penalties if any violations still occur.

We have a deep understanding of the industry, and a broad international expertise of the key compliance areas, including corporate governance, anti-corruption, money laundering regulation, data protection, sanctions, competition law and cyber-security risks, and are ideally placed to provide expert, commercial advice both in relation to company policies and individual queries and incidents.

These risks stretch right across the industry to varying degrees and we tailor our advice to the risks faced by, size and resources available to clients including:

>  Ship and boat yards
>  Insurers
>  Brokers
>  Managers
>  Captains and crew
>  Industry bodies and trade associations

We are ready and willing to discuss various charging arrangements and our clients can benefit from a very cost-effective “health check” of their regulatory and compliance procedures, identifying any gaps and providing a roadmap to ensuring that their senior executives are able to sleep more easily, knowing that they’ve “got compliance covered”.  

Contact Duncan Bateson (London) for more information.

Key contact