The maritime industry is a multi-dynamic market that requires an open-minded way of thinking, a proactive approach, fast adaptation to international market changes and an intuitive ability to read between the lines in order to identify possible trends in the international micro- and macro-economic environments.
Cyprus is among the top three ship management centres in the world and the largest third-party ship management centre in Europe.
In order to enhance the position of Cyprus in the global shipping industry and enable it to cope with international market challenges, Cyprus Governmental Authorities have established major competitive advantages, with the aim of attracting industry leaders to register their vessels under the Cyprus flag. They have included the EU-approved Tonnage Tax System (TTS) that covers ship owning, ship management and chartering, competitive ship registration costs and fees, the acceptance of all nationalities (crew/ officers) and many more. In addition, the owners of Cyprus flag ships may benefit from Cyprus’ 60+ Double Taxation Treaties, 28 bilateral trade agreements, its inclusion on the Paris white list and the Tokyo MoU, etc.
Maritime industry requirements are such that ship owning, ship management and chartering entities need to collaborate with a law firm that will advise them on all admiralty and shipping law issues.
Chambersfield Economides Kranos is an innovative full-service law firm, which takes a client-centric approach, acknowledging that each client is unique and, consequently, the services provided to each are exclusive. The firm has been recognized by various accredited organizations such as The Legal 500, AI Global and many more.
With a physical presence in more than nine countries and a network of associates all over the world, it is also known as a firm that undertakes a comprehensive range of complex legal disputes and business cases that fall within the scope of litigation and arbitration.
The expertise and knowledge of the firm’s team of attorneys in all key sectors of the market, enable them to provide top-tier quality legal and corporate services, as well as to propose solutions fully compliant with the legislative framework of the jurisdiction in which the legal entity operates.
The firm’s multi- level experience, comprehensive understanding of regulations and legislation, as well as its knowledge of the international commercial and business market, have upgraded its team of lawyers to a higher consultancy level, with a broad range of operational skills for handling any setbacks that may arise in the business.
In addition, the firm is fully aware of the complexity of the international business environment and its professional lawyers are, therefore, always up to date with all new regulations, practices and legislative frameworks.
Specifically, regarding admiralty and shipping matters, Chambersfield Economides Kranos undertakes cases on behalf of owners, managers, charterers, freight forwarders and their respective insurers, on issues including:
- Company registration
- Flag registration
- Yacht registration
- Debt Restructuring
- Transfer of ownership
- Wealth Management of Marine Professionals
- Contracts and Agreements
- Dispute Resolution
- Insurance claims
In-Depth knowledge is essential to Navigate through Challenges.
Chambersfield Economides Kranos is an innovative full-service law firm, which takes a client-centric approach, acknowledging that each client is unique and, consequently, the services provided to each are exclusive.