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Brexit: 5 things the yachting industry needs to know

Brexit: 5 things the yachting industry needs to know

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When will Britain leave the EU?

The result of the recent Brexit referendum, in which Britain voted to leave the European Union, has led to a great deal of uncertainty within the yachting industry. Despite widespread conjecture, we still don’t know what the consequences of this historic vote will be or how it will impact the superyacht market.

There are a number of burning questions we need to ask before we can speculate on what Brexit means for the superyacht industry. We asked a number of leading figures what they think are most vital issues we need to understand in order to make sure our interests are considered when negotiations begin.

Firstly, we need to know when Britain will leave the EU, and how. “It will be challenging for the negotiators,” said John Leonida, partner at international law firm Clyde & Co. “I have no expectations that there will be a specific superyacht negotiation team, but perhaps there should be, given the major presence the UK and British nationals have in the European superyacht sales and services space.”

Picture courtesy of Raphael Chekroun

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