EX-8.2 27 v202967_ex8-2.htm
Exhibit 8.2

| Watson, Farley & Williams (New York) LLP
Our reference: 25810.50000/19121031v4 | 1133 Avenue of the Americas New York, New York 10036
| Tel (212) 922 2200 Fax (212) 922 1512
November 24, 2010 |
Globus Maritime Limited c/o Globus Shipmanagement Corp. 128 Vouliagmenis Avenue, 3rd Floor 166 74 Glyfada Athens, Greece |

Re: Registration Statement on Form F-1 – Exhibit 8.2 Opinion
Dear Sirs:
We have acted as special U.S. counsel for Globus Maritime Limited (the “Company”), a corporation domesticated in and existing under the law of the Republic of the Marshall Islands, in connection with the Company’s registration statement on Form F-1 (Registration No. No. 333-170755) (together with any amendments through the date of its effectiveness, the “Registration Statement”) filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Act”), and the rules and regulations promulgated thereunder, covering the sale of up to 6,117,389 shares of the Company’s common shares, par value $0.004 per share (the “Common Shares”), by the selling shareholders named therein.
As such counsel, we have examined originals or copies (certified or otherwise identified to our satisfaction) of the following documents:

(i) | the Registration Statement and the prospectus included therein (together with any supplement thereto through the date hereof, the “Prospectus”); and

(ii) | such other papers, documents, agreements, certificates of public officials and certificates of representatives of the Company or its affiliates as we have deemed relevant and necessary as the basis for the opinion hereafter expressed.

In such examination, we have assumed: (i) the genuineness of all signatures and the authenticity of all documents submitted to us as originals, (ii) the conformity to original documents of all documents submitted to us as conformed or photostatic copies, (iii) that there have been no undisclosed modifications, either written, verbal or otherwise, of any provision of any document reviewed by us in connection with the rendering of the opinion set forth herein, (iv) the completeness of each document submitted to us and (v) the truthfulness of each statement as to all factual matters otherwise not known to us to be untruthful contained in any document or certificate encompassed within the due diligence review undertaken by us.
Watson, Farley & Williams (New York) LLP is a limited liability partnership registered in England and Wales with registered number OC312253. It is regulated by the Solicitors Regulation Authority and its members are solicitors or registered foreign lawyers. A list of members of Watson, Farley & Williams (New York) LLP and their professional qualifications is open to inspection at the above address. Any reference to a 'partner' means a member of Watson, Farley & Williams (New York) LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing and qualification.
Watson, Farley & Williams (New York) LLP or an affiliated undertaking has an office in each of the cities listed above.

Globus Maritime Limited | Page 2

November 24, 2010
In rendering our opinion, we have considered the applicable provisions of the Internal Revenue Code of 1986, as amended (the “Code”), regulations promulgated thereunder by the U.S. Department of Treasury (the “Regulations”), pertinent judicial authorities, rulings of the Internal Revenue Service, and such other authorities as we have considered relevant, in each case as in effect on the date hereof. It should be noted that the Code, Regulations, judicial decisions, administrative interpretations and other authorities are subject to change at any time, possibly with retroactive effect. A material change in any of the materials or authorities upon which our opinion is based could affect the conclusions set forth herein. There can be no assurance, moreover, that any opinion expressed herein will be accepted by the Internal Revenue Service, or if challenged, by a court.
We hereby confirm that we have reviewed the discussion set forth in the Registration Statement under the caption “Taxation - United States Tax Considerations”, and although the discussion does not purport to discuss all possible United States federal income tax consequences with respect to the taxation of the Company or the ownership of its Common Shares, based on the facts as set forth in the Registration Statement and having regard to legal considerations which we deem relevant, we confirm that the statements in such discussion, to the extent they constitute summaries of law or legal conclusions, represent the opinion of Watson, Farley & Williams (New York) LLP as to the material United States income tax consequences of the matters discussed therein as of the date of effectiveness of the Registration Statement and accurately state our views as to such tax matters (except for the representations and statements of fact of the Company included under such caption, as to which we express no opinion).
We are opining herein as to the federal income tax laws of the United States, and we express no opinion with respect to the applicability thereto, or the effect thereon, of other federal laws, the laws of any state or any other jurisdiction or as to any other matters of municipal law or the laws of any local agencies within any state. We expressly disclaim any responsibility to advise of any development or circumstance of any kind, including any change of law or fact that may occur after the date of this opinion letter that might affect the opinion expressed herein.
We consent to the filing of this opinion as Exhibit 8.2 to the Registration Statement and to the references to our firm in the Registration Statement and the Prospectus. In giving this consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder, nor do we admit that we are experts with respect to any part of the Registration Statement within the meaning of the term “expert” as used in the Act.
Very truly yours,
/s/ Watson, Farley & Williams (New York) LLP