The KLC law firm has advised the Hellenic Republic Asset Development Fund on the Court of Auditors' pre-contractual review of the tender and contract for the sub-concession of a multi-purpose terminal within the Philippos II port.

Amendments and supplements to the Customs Law, enacted in December 2022, amended the misdemeanour provisions for violations of this law. The amendments introduce greater certainty regarding the misdemeanour liability of importers and customs representatives for submitting customs declarations and accompanying documents with the goal of legitimate con­ducting of customs procedures. In this ar­ticle we present our interpretation of the respective amendments.

Zepos & Yannopoulos, working with Cyprus' Tassos Papadopoulos and Associates, has advised the Nabtesco Corporation on its acquisition of maritime technology start-up DeepSea Technologies.

Zamfirescu Racoti Vasile & Partners has advised Transport Trade Services on the EUR 21.8 million acquisition of a 99.9% stake in Constanta port operator Decirom.

While the war has caused extensive disruption to global shipping and is likely to intensify ongoing supply chain disruptions, port congestion, and crew crises caused by the COVID-19 pandemic, in a context where Russian ships are switching their flags amid sanctions in record numbers, an increased interest in local maritime and inland transportation has been noted, including ship registration in Romania, particularly that of barges. Thus, the Romanian registration provisions could be of interest to companies in the transportation field.

Moral, Kinikoglu, Pamukkale, Kokenek has advised the minority shareholders of Turquoise Yachts on the sale of their shares to MB UAE Investments.