An International Oil & Gas Exploration and Production Company focusing on the Mediterranean and North African Region .
Corporate Employment & Labour Law
PARTNER OF THE TEAM WHO LED THE ADVICE:
Acting as legal advisors to our client we redesigned the employment contracts of the company in order to provide flexibility to the employment relationships. We also provided advisory services in terms of rationalising the extensive Labour cost of a company’s subsidiary. In accordance to the existing legal framework, we provided to our clients a flexible, direct and efficient plan which exploited alternatives in order to avoid extensive lay – offs. We finally restructured their vessels fleet employment relations, which resulted a 25% reduction to the annual labour cost of the crew.