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Terms and Conditions

This web site (the “Site”) is operated and administered by the Black Sea Trade and Development Bank (the “BSTDB”) from its offices within the Hellenic Republic.

These terms and conditions (the “Terms and Conditions”) apply to the use of the Site. By using the Site, users (the “Users”) agree to be bound by these Terms and Conditions including by any amendments thereto from time to time made by the BSTDB and posted on the Site. If Users do not agree with these Terms and Conditions, they should not use this Site.

All information, documents, images, pictures, logos, video clips, graphics and other materials on the Site provided by the BSTDB or various information or content providers (collectively, the “Material(s)”) appear on the Site subject to these Terms and Conditions. In addition, such information or content providers may have additional terms and conditions that govern the use of their material.

The BSTDB maintains the Site solely as a service to its Users without any form of assurance. The information contained herein is for informative purposes only. Users may visit the Site and download and copy Materials from the Site for the User’s personal, non-commercial use, without any right to resell, redistribute or create derivative works therefrom, subject to these Terms and Conditions and also subject to more specific restrictions that may apply to specific Material within this Site. 

Disclaimers

The contents of this website are provided for information purposes only on an “as is” and “as available” basis. Such information may change at any time and without notice. Certain information on this website is of a historical nature and may now be out of date. All historical information should be understood as speaking from the date of its first publication.

 

Any information or opinions contained herein are based on information from sources believed to be reliable, but the BSTDB makes no guarantee, representation, endorsement, warranty or commitment in relation to the provision of such information or opinions, including but not limited to those relating to the availability, completeness, accuracy and up-to-dateness of any material provided through the site. In particular, actual results and developments of BSTDB may be materially different from any forecast, opinion or expectation expressed on this website. Furthermore, the BSTDB disclaims and excludes all liability arising from any inaccuracy, error, omission, interruption, deletion, destruction, theft, computer virus, delay in operation or transmission, communication failure, unauthorized access to or use of, any materials provided on or through the site.

 

Reliance on any information or opinions expressed on the site shall be made entirely at the User’s risk. The BSTDB, its Directors, Management, Officers, employees, or other officials connected with the BSTDB, accept no responsibility or liability for any loss, damage, expense, incurred or suffered, or any similar claim as a result of the use of this site or its contents.

 

Nothing on this website (or any website to which this website has hypertext links) shall be construed, implicitly or explicitly, as containing any investment recommendation or advice, or an invitation by or on behalf of BSTDB to purchase or sell any securities or as an invitation or inducement to engage in investment activity under Section 21(1) of the Financial Services and Markets Act 2000 of the United Kingdom.

 

As a condition of use of this Site, User agrees to indemnify and hold harmless the BSTDB and all information or content providers from and against any and all actions, claims, losses, proceedings, damages, liabilities, costs and expenses (including reasonable legal fees) arising in any way out of User's use of this Site, or any User violation of these Terms and Conditions, including without limitation any claims alleging facts that if true would constitute a breach by User of these Terms and Conditions. If User is dissatisfied with any Materials on this Site or with any of Terms and Conditions of use of this Site, User's sole and exclusive remedy is to discontinue using this Site.


Links to Third-Party Web Sites

BSTDB may provide a number of hyperlinks or references to third-party web sites, resources or advertisers, the inclusion of which does not in any way imply endorsement by BSTDB but is provided solely for the convenience of its Users. These third-party web sites are not under the control of BSTDB and BSTDB accepts no responsibility for the contents, advertising, products or other materials made available on or through such web sites or the opinions and statements expressed therein or any hyperlink contained in these linked sites and cannot guarantee the availability, accuracy, timeliness or relevance of these outside materials.

Linking to the BSTDB Web Site

Internet web sites may link to the Site without seeking the permission of the BSTDB. However, such links must clearly identify the BSTDB as the source of information displayed on the Site and preserve the integrity of the Site without alteration. The BSTDB reserves the right to refuse permission to link to the Site and may demand, at any time, that Users or web sites cease to link to the Site.

Intellectual Property Rights

The Site contains copyrighted Material, trademarks and other proprietary information (collectively, “Intellectual Property”) including text, photographs, video clips and graphics. Users may not modify, publish, transmit, display, participate in the transfer or sale, create derivative works, or in any way commercially exploit the content of the Site without the express prior written permission of BSTDB and/or the copyright owner or except as otherwise expressly permitted under copyright law. Users acknowledge that Users do not acquire any ownership rights by downloading any content from the Site.

 

The contents of Materials expressly attributed to third parties are the property and responsibility of such third parties and not of the BSTDB. Use of these documents is subject to the legal terms and conditions contained therein.


Applicable Law and Jurisdiction

These Terms and Conditions shall be construed in accordance with the Laws of England.

 

Any dispute or claim arising out of, or relating to these Terms and Conditions shall be settled by arbitration in accordance with the UNCITRAL Arbitration Rules in force on the date of these Terms and Conditions. There shall be one arbitrator, and the appointing authority shall be the London Court of International Arbitration. The seat and place of arbitration shall be London, England, and the English language shall be used throughout the arbitral proceedings. The BSTDB and each User waive any rights under the Arbitration Act 1996 or otherwise to appeal any arbitration award to, or to seek determination of a preliminary point of law by, the courts of England or elsewhere.

 

The arbitrator shall not be authorised to take or provide, and the User agrees not to, seek from any judicial authority, any interim measures of protection or pre-award relief against the BSTDB, any provisions of the UNCITRAL Arbitration Rules notwithstanding. Where the UNCITRAL Arbitration Rules do not provide for a particular situation, the arbitrator shall have absolute discretion to determine what course of action should be followed and the arbitrator's decision shall be final. Any award given by the arbitrator shall be final and binding on the parties and shall be in lieu of any other remedy.


Preservation of Immunities

Nothing in these Terms and Conditions shall be construed as a waiver, renunciation or other modification by the BSTDB of any immunities, privileges and exemptions of the BSTDB accorded under the Agreement Establishing the Black Sea Trade and Development Bank, international convention or any applicable law.

General

The BSTDB reserves its exclusive right in its sole discretion and for any reason and without notice to any Users to alter, amend, limit, suspend or discontinue the Site or any Materials in any respect.

The BSTDB reserves the right to change or remove any Material on the Site including but not limited to revising and/or deleting features or other information without prior notice.

The BSTDB reserves the right to deny in its sole discretion any User access to this Site or any portion thereof without prior notice.

The BSTDB shall have no obligation to take the needs of any User into consideration in connection therewith.

The failure of the BSTDB to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision. If any provision of the Terms and Conditions is found by a legal forum of competent jurisdiction to be invalid or unenforceable, the other provisions of these Terms and Conditions shall be unaffected and remain in full force and effect.

These Terms and Conditions supersede any prior advertisements, terms, agreements or communications and constitute the entire agreement between the BSTDB and the User in respect of the Site.