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DTSTAMP:20260405T182534Z
DTSTART:20171012T143000Z
DTEND:20171012T154500Z
SUMMARY:Vessel and infrastructure finance and ownership structures
DESCRIPTION:Many family-owned shipping businesses historically operated o
 wnership structures based on bearer shares. However\, the compliance env
 ironment has changed significantly in the past ten years. Bearer shares 
 were abolished in the UK in May 2015. In the US\, ownership through bear
 er shares will require disclosure of the ultimate beneficial ownership\,
  except where the shares are publicly traded. Even in jurisdictions wher
 e the model is still available legally\, and beneficial ownership is not
  a matter of public record\, current due diligence requirements around a
 nti-money laundering and compliance will require companies to identify t
 heir beneficial ownership to their financing banks and contractual count
 erparties. We will explore ownership structures in the modern compliance
  regime\, and the extent to which these structures are driven by the fin
 ancing that is available to shipping businesses in 2017. We will look at
  equity and debt financing and the nature of the modern relationship bet
 ween the capital provider and the company\, including the growing number
  of partnerships between ship managers and private equity providers and 
 the allocation of risk and liability between them.
LOCATION:Room C4.6\, Convention Centre\, Level 4
UID:2b104a98-c094-4d95-871b-f586ed74c257
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