The smart Trick of Intellectual property Cyprus That Nobody is Discussing
The smart Trick of Intellectual property Cyprus That Nobody is Discussing
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At Connor Legal, our Cyprus Maritime & Admiralty services provide comprehensive legal help for customers running within the transport field, from vessel entrepreneurs and operators to charterers, insurers, and financial institutions.
just before judgment, on the application from the arresting get together or maybe the admiralty marshal, presented the court docket is confident that the vessel is usually a ‘losing asset’.
adhering to the new progress over the past many years on synthetic Intelligence (AI) programs, we now have various obtainable AI platforms that supply end users ...
2.four Do shareholders owe any duties into the corporate entity/entities or to other shareholders within the corporate entity/entities and might shareholders be answerable for acts or omissions on the corporate entity/entities?
The Procedure and administration of corporate entities is done through the board of directors. on the other hand, the shareholders, as being the house owners of the company, have sure rights in controlling and observing the value and advancement of the corporation. The Companies legislation as well as the article content of Affiliation provide them with voting legal rights at normal meetings of the corporate to ascertain and get steps for its advancement.
statements in respect of other decline resulting from check here infringement of rights in addition to contractual rights, developing in immediate connection with the operation on the ship or salvage operations;
These financial loans normally come with aggressive curiosity prices and versatile repayment terms, building them an attractive choice for companies aiming to finance their progress.
On thirteen September 2023, the Cyprus Tax Authority (CTA) issued a round pursuant of which rental cash flow from self-catering accommodation that is certainly rented out by way of online platforms are going to be addressed, subject matter to certain conditions, as business profits (as a result issue to CIT and exempt from SDC).
the lien of your grasp for disbursements manufactured on account on the vessel, supplied that they were produced on behalf in the owner on the vessel rather than a demise-charterer or perhaps a time-charterer, where circumstance there is merely a contractual declare of your learn for your disbursements.
protecting your organization consists of fulfilling yearly reporting prerequisites. Cyprus providers are necessary to file once-a-year financial statements, tax returns, as well as other relevant paperwork Along with the Registrar of businesses.
Deloitte refers to a number of of Deloitte Touche Tohmatsu Limited (“DTTL”), its worldwide network of member firms, as well as their relevant entities (collectively, the “Deloitte Corporation”). DTTL (also known as “Deloitte Cyprus”) and every of its member firms and linked entities are legally individual and independent entities, which simply cannot obligate or bind one another in respect of 3rd parties. DTTL and every DTTL member firm and linked entity is liable just for its possess acts and omissions, and not All those of each other. DTTL won't give services to clients. remember to see to learn more.
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Shareholders have the best to vote on remuneration stories detailing payments to specific administrators during the preceding financial 12 months. SMEs could hold a dialogue as opposed to a vote at their AGM.
Even though shareholder activism just isn't commonly exercised in Cyprus, following the worldwide economic crisis which also afflicted our region, the importance of shareholder activism is building amongst corporate entities.
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