An Unbiased View of due diligence

An Unbiased View of due diligence

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The shareholders should have the correct to vote within the plan on the AGM and as a minimum amount every four years thereafter.

conversation and cooperation are critical to shaping the future of the maritime sector. I thank the organizers for Once more bringing collectively this global audience at Maritime Cyprus to debate the pressing issues and prospects for maritime.

stipulations of employment, which includes for posted employees as described by legislation or decree health care examinations, termination of contracts, redundancies and collective redundancies – stipulations of employment for Seafarers

The Companies legislation calls for every organization to convene its initial AGM no afterwards than eighteen months following the date of incorporation and thereafter each and every year and no later on than fifteen months once the date with the past AGM. each common Assembly, in addition to an AGM, that's convened through the 12 months, is taken into account an EGM.

The carrier shall be indemnified through the shipper below posting 3 (5) in the Hague more info Rules from all loss, damages and expenditures arising or ensuing from inaccuracies within the marks, variety, amount and bodyweight declared by the shipper.

Maintaining your organization consists of satisfying once-a-year reporting specifications. Cyprus businesses are required to file yearly financial statements, tax returns, and other suitable paperwork With all the Registrar of firms.

intermediaries must publicly and independently disclose any charges they make in relation for the earlier mentioned; and

At Michalaki, Pitsillidou & Co LLC we've been devoted to upholding the very best benchmarks of professionalism, integrity, and customer services, and we get the job done tirelessly in order that our clients obtain the very best outcomes.

Any intermediary which holds this sort of information and facts must, if asked for by the business, disclose it instantly. This facilitates immediate engagement involving the company and also the shareholder;

corporation formation refers back to the techniques and commitments built prior to the incorporation of the corporate. The preparation in the Memorandum and article content of Association, which include the corporate’s guidelines and the directors’ obligations, is needed for corporation incorporation.

This legal framework ensures that your business’s rights and passions are protected, supplying you with comfort when you navigate the business landscape.

one.one        from the celebration of a collision, grounding or other significant casualty, What exactly are The main element provisions that should influence upon the liability and response of intrigued functions? In particular, the pertinent law / conventions in power in relation to:

Cyprus boasts the 11th major merchant fleet globally as well as the 3rd most significant fleet in the eu Union, comprising in excess of 2200 ocean-going vessels totaling 21 million gross tons. Together with the recent surge in Houthi assaults during the Red Sea as well as the Bab al Mandeb Strait, it can be vital for vessels below Cyprus flags to prioritize safety.

over a broader amount, Brexit will have an effect on delivery companies’ money and trade, but Cypriot shipping and delivery has not been affected negatively, In the meanwhile.

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