Norwich Pharmacal Orders and Bank Secrecy
Norwich Pharmacal Orders (NPOs) are frequently issued against banks. The conflict between bank secrecy and orders for disclosure of information is inevitable.
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 and local decarbonisation regulation.
Decarbonising Shipping: A Review of IMO and EU Regulation
Decarbonising shipping is essential, expensive, and complicated. Regulation is key to achieving the task, and which regulation prevails will determine shipping companies’ strategies for decades to come.
The issuance of a charging order and an order for sale of the charged asset.
The issuance of a charging order comprises an alternative means of enforcement which is accompanied by an order for sale of the charged asset under the Law on Charging Orders of 1992 (31 (Ι)/1992) (the Charging Order Law). In accordance with the Charging Order Law, the judgment creditor (the Creditor) is entitled, for the purpose of enforcing …
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Two-tier System of Cooperation for Effective Enforcement of GDPR
On November 26, 2020, Belgian Data Protection Authority (DPA) and DNS Belgium, the organization managing the “.be” domain, signed a cooperation agreement. This cooperation agreement enhances the Belgian regulatory framework by establishing a two-tier system.
New Legislation on Combatting Sexism, and Sexism Spreading via the Internet
The need to combat sexism and discrimination between genders which constitute de facto violations of human rights and fundamental liberties has led to the voting of the Law on Combatting Sexism and Sexism Spreading via Internet and Relevant Matters 2020 (‘the Law’), published on 28/12/2020.The purpose of the legislator, amongst other, is eradication, to the …
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The Right of Access to Public Sector Information Law of 2017 (184(I)/2017)
The Right of Access to Public Information Law of 2017 (184(I)/2017) (the Law) has entered into force on the 22nd of December 2020
Suspension of foreclosures involving primary residences or businesses dwellings until end of March 2
On 17.12.2020, the Parliament adopted the amendment of the Transfer and Mortgage of Property (Amending) (No. 2) Law of 2020 (the “Law”) with 31 votes in favour and 17 against .The law has been amended with the addition of article 61 which stipulates that the application of the provisions of Part VIA of the Law regarding …
Moratorium on loan repayments
As the second phase of the pandemic started to affect our country and the implementation of additional measures by the Cypriot Government to end it, the need for a new moratorium to protect certain categories of debtors arose. On 15/01/2021, the new decree imposing a suspension on loan repayments was published which provides the following:
IMO 2020 approaches 2021 – Has the Shipping Industry Adapted to the 0.5% Sulphur Cap?
IMO 2020 introduced a 0.5% Sulphur cap on bunkers to ships operating outside Emission Control Areas.