Any doc that is required to be served for the shipowner, is deemed to become duly served whether it is sent to her or his representative. The authorised consultant is then obliged to Call and tell them appropriately.
administrators ought to be topic to re-election by shareholders at the very first once-a-year basic Conference right after their appointment and at intervals of not more than three decades thereafter.
By selling equality and diversity inside the office, Cyprus fosters a harmonious and inclusive do the job atmosphere.
the principal intent of the motion is to rationalise CSR into business functions so that there is a shift to sustainable financial development by combining extensive-expression profitability with social justice and environmental security.
Cyprus is a standard regulation jurisdiction, meaning that its legal framework is based on both equally laws and scenario regulation. The Cypriot legal technique from 1878 right up until its independence in 1960 was dependant on the English legal procedure.
Cyprus gives a number of varieties of firms that business people can Make a choice from, Every with its very own set of Advantages and demands. comprehension the discrepancies amongst these entities will allow you to make an knowledgeable selection in your business.
IMO's global regulatory framework is mirrored in regional and nationwide legislation everywhere in the world.
three.four What are the limitations on, and what disclosure is needed in relation to, pursuits in securities held by customers from the management body in the corporate entity/entities?
The related legislation in Cyprus will be the Wrecks Law. The Wrecks regulation supplies for, among Other people, inquiries to generally be instituted in instances of wreck and casualty, and also the appointment of receivers of your wreck and offences in regard with the wreck.
It shall be noted the Maritime law doesn't contend with the jurisdiction in excess of coastal waters, mineral legal rights etcetera. The law masking the above mentioned could be the legislation of Sea which should not be puzzled check here with Admiralty regulation.
Despite the fact that shareholder activism just isn't usually exercised in Cyprus, right after the global financial disaster which also affected our country, the significance of shareholder activism is creating among the corporate entities.
THEOCHARIDOU & ASSOCIATES LLC, a Cyprus-primarily based boutique law firm, with places of work in the capital town of Nicosia and Paphos, is a progressive cooperation, comprising of a workforce of dynamic and highly specialised lawyers, with various tutorial and Qualified backgrounds.
The summary of The brand new arrangement Along with the twelve specialised and internationally acclaimed organisations was expected on account of legislative developments in transport also to incorporate much more adaptable and technologically State-of-the-art strategies with using electronic services and certificates.
more than 50 for every cent on the shares from the ship are owned by Cypriot citizens or by citizens of other EU or EEA Member States who, Otherwise long lasting inhabitants of Cyprus, have appointed an authorised agent in Cyprus; or