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Can a bunker supplier arrest a vessel in connection with a assert for the price of bunkers equipped to that vessel pursuant to the agreement with the charterer, instead of While using the proprietor, of that vessel?
Management of the company is delegated to your board of directors. The Companies regulation presents for a 1-tier structure wherein the board workouts its powers as a whole. there is not any supervisory board or identical human body envisaged in the businesses regulation. Committees of administrators could possibly be recognized and individual directors might be empowered to depict the company by a board resolution or below an influence of lawyer given by the corporate.
college students are suitable for graduation after successfully completing 90 ECTS credits during the classes listed in the Program Structure.
By taking advantage of these treaties, providers can limit their tax liabilities and improve their cross-border transactions.
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nonetheless, businesses legislation presents shareholders with the appropriate to seek a treatment from the courts in the event the affairs of the corporate are now being executed inside of a way oppressive to some of the customers (segment 202) and to apply for a petition for the corporate to generally be wound up on the basis that It will be just and equitable beneath some circumstances (area 213).
A Cyprus International Trust (a “have faith in”) is often outlined given that the obligation that's positioned on a trustee with the settlor to control the have confidence in property for the advantage of the beneficiaries in accordance Together with the related have confidence in deed. Trusts are generally located in prevalent law jurisdictions.
a call rendered in among the list of contracting states is entitled to recognition and enforcement in One more contracting condition under the phrases of this Conference.
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Is it probable to arrest bunkers inside your jurisdiction or to obtain an attachment order or injunction in regard of bunkers?
there isn't any statutory prerequisites applicable in Cyprus for refund guarantees issued by builders to shipowners being legitimate, apart from the general legal prerequisites for the underlying shipbuilding contracts to have become powerful to begin with.
portion 178 of the Companies legislation provides that a director may be taken out prior to the expiration of his period of Business office by an ordinary resolution of your shareholders notwithstanding everything in its content here of Affiliation or in almost any agreement among the corporation plus the director. The director has the ideal to produce representations, both of those orally within the Assembly at which the resolution is considered and in producing by an announcement, which the company is necessary to distribute to shareholders ahead of time of the meeting.
Maria remembers, “Seafarers frequently experience sizeable difficulties a result of the exceptional and demanding mother nature in their do the job ecosystem. Interviewing them was an interesting possibility, to get to know them and understand how items Focus on board.