Time to take stock and consider fiscal governance

The COVID-19 pandemic has effectively put many sectors of the superyacht industry on pause. Whilst there will, unfortunately, be casualties in the sense that some businesses may not recover and some owners may no longer be able to justify their engagement with the superyacht market, there is, perhaps, a silver lining for some owners in so far as this slowing down of activity also provides an unprecedented opportunity for owners to take stock of their yachting interests and safeguard their future engagement by taking a proactive approach to yacht governance.