Insights
Insightful Perspectives with Meaningful Impact
New developments in European state aid for aviation and the impact on Cyprus
The European aviation sector is undergoing significant regulatory scrutiny, particularly concerning state aid provided to airlines and airport operators. Recent decision by the European Commission has brought to light the complexities that EU member states - Read More...
Cyprus companies mandated to include contractual prohibitions for re-exports to Russia
As part of its ongoing efforts to strengthen sanctions against Russia and prevent the circumvention of export bans, the EU has introduced legal provisions, such as the ‘no re-export to Russia’ clause, effective as of - Read More...
The forthcoming amendment of the Motor Vehicles and Traffic Act 1972 (86/1972)
The European Parliament and the Council on 24 November 2021 adopted the Directive (EU) 2021/2118 aiming to modernise and amend the Directive 2009/103/EC relating to insurance against civil liability in respect of the use of - Read More...
Cyprus inaugurates the Limited Liability Shipping Company (LLSC)
New legislation has been passed in Cyprus, providing for the opportunity for ship-owners to establish a Limited Liability Shipping Company (LLSC).
Prohibition of providing Russian oil by European ships
The EU has approved six packages of sanctions in response to Russia’s unprecedented and unprovoked military offense against Ukraine. The measures are aimed at limiting the Kremlin’s ability to finance the war and cause clear - Read More...
Assistance to seafarers affected by the situation in Ukraine in opening bank accounts in Cyprus
This article briefly describes the arrangements made by financial institutions in the Republic of Cyprus to facilitate the opening of bank accounts for seafarers affected by the conflict between Ukraine and Russia.
The ‘Ever Given’ Departs, the Legal Battle Continues
The ‘Ever Given’, the containership that blocked the Suez Canal in March 2021, is now finally on its way after being detained for over 3 months. However, legal issues in relation to the incident are - Read More...
Update on the Cyprus/Greece Ferry Link: Larnaca’s case
In December 2020 Cyprus launched an unsuccessful tender for re-establishment of the Cyprus/Greece ferry connection. A new tender on more viable terms is on the cards, which could further address concerns raised by the Larnaca - Read More...
Cyprus strategy for the Shipping sector
The Cyprus Ministry for shipping is preparing a new strategic vision for Cyprus shipping sector that will determine the future of the maritime industry.
Marine Cyberattacks: Analysis of Liability and IMO 2021
Cyberattacks bear risk for shipping companies in terms of contractual liability, third party liability, and regulator violations. Such liability may be excluded or limited by complying with IMO 2021 regulations and guidelines regarding Safety Management - Read More...
UK Supreme Court Overrules Court of Appeal on Disapplication of the Crossing Rules outside Narrow Channels
In its first collision case, the UK Supreme Court overturned a Court of Appeal and Admiralty Court judgment involving collision outside a narrow channel, affirming the crossing rules did apply and were engaged. Cyprus and - Read More...
Cyprus Makes Waves in Decarbonising Shipping
Cyprus introduced tax cuts in January to incentivise shipping companies towards energy efficiency and use of alternative fuel, ultimately aiming for Green House Gases reduction. The measures are part of a wider debate juxtaposing international - Read More...
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