Genmar dealer webinar set for Wednesday

Author:
Publish date:
Social count:
0

Bellavia Gentile & Associates, the law firm representing dealers in the Genmar bankruptcy case, will host a webinar Wednesday to discuss specific dealer issues that could arise in the bankruptcy proceedings.

Some of the issues, according to Bellavia Gentile & Associates, include:

• Possible termination of dealer agreements by Genmar.

• In the event of dealer agreement termination, Genmar's breach and abandonment of its obligations to repurchase inventory.

• Genmar's decree that certain dealers agree to the amendment of their existing dealer agreement or face the termination of such existing dealer agreement.

• The negotiation of the terms of any such amended dealer agreement as Genmar may insist upon onerous increased inventory/purchase requirements, increased working capital requirements and increased facility investments by dealers.

• Modifications to warranty obligations.

• Denial, delay or limitations in the payment of warranty, incentive and other payments to dealers.

The attorneys have fielded a number of other questions from dealers that will be addressed during the webinar, such as: If we do not get enough participants, will I get my money back? Will I have to pay more than the initial $1,000 fee? Will my dealership name be listed on any document? Is my dealership's participation confidential? Do Genmar dealerships who do not participate share in the benefits obtained by the committee? Who will keep me updated?

Participants should go to the Web site 15 minutes prior to the 3 p.m. EDT start time Wednesday. Click on "Join a webinar" on the left side of screen. Enter the webinar ID, 760-717-211, and e-mail address of the webinar participant. Click on suggested link in paragraph No. 1 to join the webinar.

To participate over the phone, call (916) 233-3087 and use the access code 599-833338.

Click here for the full release.

Related

Dealers cautiously optimistic in March

Potential tariffs on aluminum and aluminum sheet are the most concerning policy issue facing the industry outside of workforce challenges, with the spread of E15 following closely behind, according to a new dealer survey.

Hinckley’s Scott Bryant

The Hinckley Company has long been a leader in technology, and in 2017, it became the first production boatbuilder to roll out an all-electric luxury yacht, Dasher.

Full Slate at ABC

A slew of major marine industry issues — including some it has confronted for years — are closer than ever to being resolved, making the American Boating Congress, May 9-11 in Washington, D.C., the most crucial to date, organizers say.