Manolis Eglezos & Associates Newsletter April 2024

Pursuant to the provision of Article 77 par. 4 of Law 4072/2012, within one month from the establishment or capital increase of IKE, the capital must be paid in full.In the event that the capital is not fully paid, the administrator proceeds with the certification of the partial payment and the reduction of the capital […]

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Seafarer / Parallel employment

A seafarer can be employed in parallel under two different capacities. In such case, he is entitled to salaries applicable for both. In case employment in one of the capacities is part-time following relevant agreement, corresponding reduction of the part-time capacity salary applies. The performance of the additional capacity need not apply solely when there […]

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Maritime Liens / Auction

Where a vessel is auctioned in a jurisdiction other than the one of her flag, certain issues may arise as to the existence and ranking of maritime liens. As a general principle, existence of maritime liens is defined by the law of the flag state; however, ranking of such liens is defined by the law […]

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NEWSFRONT: Legal Opionion- Auction / Maritime lien

In a foreign flag vessel’s auction taking place in Greece creditors’ ranking takes place according to Greek law. However, the flag state law regulates encumbrances, including maritime liens.In the case under consideration, the vessel was seized at Elefsina port and thereafter was towed to Piraeus port, where she underwent repairs. Repairers announced their claim in […]

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Auction of Foreign Flag vessel in Greece / Maritime liens

A foreign flag vessel auctioned in Greece will have maritime liens claims judged under the law of the flag she flies. Ranking will take place according to the Greek Code of Private Maritime Law. Privileged ranking will apply if a lien is recognised as Maritime under the law of the vessel’s flag at the time […]

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Remote Working And GDPR

Pandemic has introduced or accelerated new approaches in employment, remote working being one of them. This new field presents several issues, one of them being linked with Employers concern to monitor Employee while teleworking. Installing a software in the computer used by the employee aiming to check his activity, seems to be rather strict for […]

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Residence Visa/ Self Financial Support

Greece, among other jurisdictions, provides a Residence Visa scheme, entitling beneficiaries thereof to a residence visa enabling them to travel within Schengen countries. Two pillars of this scheme are investment and property acquisition. However, they are not the only ones. Another alternative for a resident of a third country to obtain the residence visa is […]

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Manolis Eglezos participates in the IR Global Guide – The Middle East & North Africa: A dynamic region for inward & outward investment

Foreword by Andrew Chilvers The Middle East and North Africa (MENA) region is a hugely diverse cultural and geographical mix that stretches from Morocco in northwest Africa to Iran in Southwest Asia. The region is home to a range of economies with vastly different levels of openness to international trade and investment. But with the […]

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Evergiven Suez Grounding: Big Vessels, Big Troubles

Grounding of MV EVERGIVEN, which caused a six-day cease of sailing through Suez canal, revealed a number of issues: Size of the vessel contributed to the occurrence of the accident, since through its enormous compact mass, composed by its hull and the 20.000 TEUs carried, was drifted by the wind and grounded. Beyond technical and […]

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Legal Opinion – Time Charter

In a time charter, the duties of the shipowner are to provide a seaworthy vessel, to effect loading and stowage, to sail keeping the itinerary ordered, to effect discharge and delivery of the cargo to receiver. In case the vessel is chartered in its entirety, the shipowner is also prevented from offering possible unused space […]

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Labour claim /Representative’s liability

A seafarer, employed onboard a vessel by virtue of an employment agreement entered into with the ves­ sers managds representative, sued for unpaid amounts. He sued the owner, the manager, and two individuals as manager,s consecutive representatives. The Court found all defendants were liable. Apart from the owner, joint and several liability applies for the […]

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Legal Opinion – Ownership and exploitation of vessels

The exploiter of a vessel is the party which uses, for its own account, a vessel belonging to another party. Exploitation refers to the maritime activity like the transport of goods and / or people, towage, fishing for profit. Exploiter has the maritime command of the vessel, and the will to exercise the maritime activity […]

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