Genmar dealer webinar set for Wednesday

Author:
Updated:
Original:

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

Freedom Boat Club Buys N.Y. Franchise

The latest acquisition is Brunswick’s sixth corporate-owned Freedom operation in the United States.

In-Person NMEA Conference Announced

The electronics conference, in conjunction with the Radio Technical Commission for Maritime Services, is scheduled for Sept. 20-24 in Orlando, Fla.

Vesper Appoints U.S.-based Manager

Damien Frye will drive sales of the New Zealand-based company’s Cortex product line.

Groupe Beneteau Sells CNB

As part of the conglomerate’s realignment, the Groupe has inked an agreement with Italian yard Solaris to purchase the bluewater sailing brand.

IBEX Hires Education Director

Patty Lawrence will manage the show’s preconference sessions, seminars and workshops.

Organizers Plan for In-Person Metstrade

The show is scheduled for Nov. 16-18 in Amsterdam and will incorporate virtual elements.

X Shore Secures $17M in Funding

The Swedish company’s 26-foot Eelex 8000 electric boat premiered at the Palm Beach show last month.