At Connor Legal, our Cyprus Maritime & Admiralty services give in depth legal guidance for customers running inside the delivery sector, from vessel proprietors and operators to charterers, insurers, and financial establishments.
The Code confirms the principle that a listed business need to be governed by a powerful board which provides assistance and controls the organization. portion A.two from the Code suggests that the board really should comprise an ideal balance of impartial non-executive together with other administrators to ensure no personal director or a small team of administrators can dominate the board's decision-producing.
When opening a bank account, you need to present the mandatory documentation, for example the business’s posts of Affiliation, a certificate of incorporation, and proof of id for the directors and shareholders.
What domestic or international ship recycling laws apply within your jurisdiction? Are there any ship recycling facilities in your jurisdiction?
The Firm was Started by our Chairman Mr Neofytos Pirilides in 1983 and it has since then grown into a flourishing and dynamic law observe, providing a comprehensive number of legal services to meet the needs of the wide assortment of businesses, folks and organisations, domestically and internationally.
acquiring any needed permits or licenses is yet another significant action in the company formation procedure. depending upon the nature within your business, you may have to acquire specific licenses or permits from Corporate law Cyprus regulatory authorities.
No certain formalities are necessary to make an arrest application. The claimant must engage a local lawyer who'll agree to undertake the case. The paperwork supporting the declare can be photocopies and need to be in a language that is certainly comprehended through the court, otherwise they need to be translated into Greek, Along with the translator swearing an affidavit that the interpretation is legitimate and proper. Arrest programs can be dealt with inside a make a difference of two to 3 days.
The approximate prices (in addition to legal fees) would depend on the value of the vessel (as a percentage is frequently billed to the appraisement) plus they then sort part of the admiralty marshal’s expenses. An approximate determine will be around €10,000.
Orders created or fines imposed below port state Command drop less than standard govt administration exercise, all of that is subject matter to recourse for the Supreme court docket of Cyprus within just seventy five days from the supplying with the get or in the imposition from the wonderful.
through this owing diligence I noticed how poor it gets If you have to handle a dodgy "previous-fashion" lawyer symbolizing one other side. This expertise highlighted to me the importance of superb legal representation in Cyprus - the nation unfortunately still suffers from the legacy of shady bargains, intransparency and unresolved credit card debt issues. I will Fortunately reach out once again to Nicolas when I would like legal assistance in Cyprus.
STUDENT STORIES This postgraduate plan continues to be a pivotal step in my professional and academic journey, supplying me which has a profound idea of the maritime business and its legal intricacies.
At typical meetings, shareholders may possibly consider a decision pursuant to three different types of resolutions, namely: everyday (requiring an easy the greater part); extraordinary (demanding a seventy five% greater part together with a prescribed detect period of time, Until a sufficient quantity of associates conform to waive it); and Unique (requiring a 75% greater part and 21 times' discover, unless a adequate number of members agree to waive it). Shareholders have the appropriate to vote in man or woman or by way of a proxy holder.
They presented clear, frequent communication and confirmed amazing perseverance in securing a good consequence. Their professionalism and negotiation abilities genuinely established them aside. a wonderful working experience with a group that goes above and further than!
According to the Code, the board must hold meetings at normal intervals and no less than 6 moments a yr. a proper agenda is additionally a prerequisite for these conferences.