Ship’s Agent

A company wishing to engage in ship’s agency in the port of Piraeus was still to obtain an agent’slicense when it agreed with an already licensed agent to appear as the “official” one, while the workwould be done by the company which had no license. The “official” agent would, as a considerationfor offering their name […]

Manolis EglezosFounder & Managing Partner, Manolis Eglezos & Associates

Directive 2013/34/EU and its implementation in the Italian discipline (Legislative Decree n. 171 draft). Changes to the Leg.Decree n. 127/1991

Following a public consultation that the Finance Ministry had promoted on the implementation in Italy of the Directive 2013/34/EU on annual and consolidated financial statements and related reports, the Italian Government has recently issued (May 2015) the Legislative Decree n. 171 draft containing modifications to the current legislation that will affect the domestic framework on […]

Dr. Pierino PostacchiniChartered Accountant, Auditor, BP&A, Finance and Business consulting

Directive 2013/34/EU and its implementation in the Italian discipline (Legislative Decree n. 171 draft). Changes to the Italian Civil Code

Following a public consultation that the Finance Ministry had promoted on the implementation in Italy of the Directive 2013/34/EU on annual and consolidated financial statements and related reports, the Italian Government has recently issued (May 2015) the Legislative Decree n. 171 draft containing modifications to the current legislation that will affect the domestic framework on […]

Dr. Pierino PostacchiniChartered Accountant, Auditor, BP&A, Finance and Business consulting

Directive 2013/34/EU on annual and consolidated financial statements and related reports.

Directive 2013/34/EU of 26 June 2013 is aimed at amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC. Such Directive will oblige all member States to bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 20 July 2015. Directive […]

Dr. Pierino PostacchiniChartered Accountant, Auditor, BP&A, Finance and Business consulting

Grounding: Liability of vessel – Manolis Eglezos & Associates

A vessel called into a Greek island port under adverse weather conditions. It moored and discharge started, however the ropes of a nearby anchored tug had snapped due to the weather conditions and the tug was drifting without command towards the vessel. Under strong winds, the vessel had to negotiate very difficult maneuvers, trying to […]

Manolis EglezosFounder & Managing Partner, Manolis Eglezos & Associates

Ship management: Powers and Binding effect – Manolis Eglezos & Associates

The manager of a vessel purchased, on behalf of the owner, painting material for the vessel. At a laterstage, the managers issued a post-dated cheque to cover, among other debts, this purchase.The vessel was the owners only asset and was later sold to a third party. The paint supplier sued thebuyer of the vessel to […]

Manolis EglezosFounder & Managing Partner, Manolis Eglezos & Associates

Tax issues in offshore vehicles – Manolis Eglezos & Associates

In certain corporate structures, an offshore vehicle is used for a Group’s activities abroad, often forservices or sale of supplies and equipment. This structure is usually used for activities that have no connectionwith Greece e.g. equipment sent from a third country to a non-Greek port where the vessel liesor for services rendered onboard on the […]

Manolis EglezosFounder & Managing Partner, Manolis Eglezos & Associates