
Cyprus’ robust fund framework and status as a top ship management centre place it at the crossroads of alternative credit and maritime financing, according to Michalis Vasiliou, executive director at H.M. Pelagic Partners Ltd and board secretary at at the Cyprus Investment Funds Association (CIFA).
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In a recent judgment, the District Court of Nicosia dismissed an application by the Plaintiff to amend the Statement of Claim, applying the principles set out in the New Civil Procedure Regulations. The Court found that the proposed amendment was not in the interests of justice, taking into account the purpose of the proceedings, the timing of the application and the potential delay, and the prejudice likely to be caused to the opposing parties.
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The Cyprus Deputy Ministry of Shipping has issued on 27 August 2025 new Circular 22/2025 in relation to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, STCW 78, as amended and in particular with respect to the Issuance of Seafarer’s Endorsements Attesting the Recognition of Non-Cyprus Certificates.
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