Marshall Islands Law Blog
Marshall Islands Law Blog
Marshall Islands Law Blog
The Marshall Islands Law Blog is published by Seward & Kissel LLP, one of the preeminent U.S. maritime law firms, and covers topics of relevance to shipowners, financial institutions and other industry participants having interests in the Marshall Islands.
The Marshall Islands Law Blog is published by Seward & Kissel LLP, one of the preeminent U.S. maritime law firms, and covers topics of relevance to shipowners, financial institutions and other industry participants having interests in the Marshall Islands.
Latest Posts
Republic of the Marshall Islands Announces Consolidated Filing Option for Economic Substance Report
June 17, 2021
Analysis
The Legal 500: Shipping Country Comparative Guide, Marshall Islands Chapter
March 9, 2021
Legal Development
Marshall Islands Opens Economic Substance Reporting Portal
November 4, 2020ByBrett Cotler
Legal Development
Special Committees Must Be Formed Before Economic Discussions Begin
August 13, 2020
News
Economic Substance Reporting and Guidance
June 29, 2020
Analysis
The Shipping Law Review – Edition 7, Marshall Islands Chapter
June 1, 2020ByLawrence Rutkowski
Analysis
Marshall Islands Companies Get Clarity on Virtual Shareholder Meetings
May 21, 2020
Legal DevelopmentNews
Emergency Measures Available to Marshall Islands Shipowners in Light of COVID-19
May 7, 2020
Analysis
The Marshall Islands Corporate Registry Releases Compliance Update
March 9, 2020
Legal Development
Marshall Islands Economic Substance Regulations
February 26, 2020
Legal Development
Marshall Islands Adoption of Cross-Border Insolvency Statute
September 18, 2018
Latest Posts
Republic of the Marshall Islands Announces Consolidated Filing Option for Economic Substance Report
June 17, 2021
Analysis
The Legal 500: Shipping Country Comparative Guide, Marshall Islands Chapter
March 9, 2021
Legal Development
Marshall Islands Opens Economic Substance Reporting Portal
November 4, 2020ByBrett Cotler
Legal Development
Special Committees Must Be Formed Before Economic Discussions Begin
August 13, 2020
News
Economic Substance Reporting and Guidance
June 29, 2020
Analysis
The Shipping Law Review – Edition 7, Marshall Islands Chapter
June 1, 2020ByLawrence Rutkowski
Analysis
Marshall Islands Companies Get Clarity on Virtual Shareholder Meetings
May 21, 2020
Legal DevelopmentNews
Emergency Measures Available to Marshall Islands Shipowners in Light of COVID-19
May 7, 2020
Analysis
The Marshall Islands Corporate Registry Releases Compliance Update
March 9, 2020
Seward & Kissel LLP
Marshall Islands Law Practice
Seward & Kissel LLP
Marshall Islands Law Practice
We have one of the largest Marshall Islands law practices in the world, having three attorneys admitted to the bar and regularly representing prominent shipping companies all over the world having interests in the Marshalls. We offer a suite of legal services for clients with a particular focus on:
We have one of the largest Marshall Islands law practices in the world, having three attorneys admitted to the bar and regularly representing prominent shipping companies all over the world having interests in the Marshalls. We offer a suite of legal services for clients with a particular focus on:
Maritime
We work closely with some of the world’s leading shipping companies and other stakeholders in connection with their day-to-day activities to efficiently run their operations. Some of our attorneys have had prior work experiences at vessel registries and shipping companies, and we regularly provide assistance with: (i) vessel and ship mortgage registrations, (ii) vessel construction contracts and purchase and sale contracts, (iii) technical and commercial management agreements, (iv) charterparties and lease agreements, (v) formation documents for vessel pools and (vi) bunkers supply and storage agreements.
Corporate
We regularly form and organize legal entities on behalf of clients, including corporations and limited liability companies. As part of the organizational process we provide strategic advice on governance and will tailor the constitutional documents of the legal entity to efficiently fit the client’s purposes and needs. We are also able to provide current advice to clients as the laws and regulations evolve, including, for example, satisfaction of economic substance requirements.
M&A and Joint Ventures
We represent a variety of clients in the maritime industry, including shipowners and operators, investment advisers, private equity funds and other institutional and strategic investors, in connection with a variety of transactions, including mergers and acquisitions and the formation of joint ventures, private equity funds and other private investment vehicles dedicated to the maritime industry. We assist our clients in all phases of the life cycle of their companies, ventures and investment vehicles, including structuring and formation, and the acquisition, maintenance and disposition of their investments.
Maritime
We work closely with some of the world’s leading shipping companies and other stakeholders in connection with their day-to-day activities to efficiently run their operations. Some of our attorneys have had prior work experiences at vessel registries and shipping companies, and we regularly provide assistance with: (i) vessel and ship mortgage registrations, (ii) vessel construction contracts and purchase and sale contracts, (iii) technical and commercial management agreements, (iv) charterparties and lease agreements, (v) formation documents for vessel pools and (vi) bunkers supply and storage agreements.
Corporate
We regularly form and organize legal entities on behalf of clients, including corporations and limited liability companies. As part of the organizational process we provide strategic advice on governance and will tailor the constitutional documents of the legal entity to efficiently fit the client’s purposes and needs. We are also able to provide current advice to clients as the laws and regulations evolve, including, for example, satisfaction of economic substance requirements.
M&A and Joint Ventures
We represent a variety of clients in the maritime industry, including shipowners and operators, investment advisers, private equity funds and other institutional and strategic investors, in connection with a variety of transactions, including mergers and acquisitions and the formation of joint ventures, private equity funds and other private investment vehicles dedicated to the maritime industry. We assist our clients in all phases of the life cycle of their companies, ventures and investment vehicles, including structuring and formation, and the acquisition, maintenance and disposition of their investments.
Litigation
Our litigators provide participants in the shipping industry with practical advice in every aspect of the industry, from traditional maritime disputes to the most sophisticated securities actions involving shipping companies and economic sanctions advice. We routinely resolve disputes on behalf of our clients both in and out of court including appearing in the courts of the Marshall Islands.
Tax
Our tax practice represents almost every type of shipowner and operator from the largest publicly traded companies to privately-held companies with smaller fleets of vessels, from companies that have been in families for generations to newly formed operators seeking to build a business. We work with our clients to structure their affairs to efficiently comply with tax obligations, including U.S. corporate income tax filings and claiming the Section 883 exemption from U.S. federal income tax on U.S. source shipping income. We are also closely monitoring regulatory developments in regards to economic substance requirements. Our unparalleled industry expertise gives us the insight to advise our clients on the best structure in their specific situation.
Legal Opinion
The issuance of Marshall Islands opinions is an integral part of our maritime practice. Our Marshall Islands legal opinions are accepted in billions of dollars’ worth of transactions annually by international banks, other financial institutions and regulators, including the United States Securities and Exchange Commission. Lenders for whom we regularly render Marshall Islands legal opinions include virtually all of the major shipping banks and other financial institutions lending in the space.
Litigation
Our litigators provide participants in the shipping industry with practical advice in every aspect of the industry, from traditional maritime disputes to the most sophisticated securities actions involving shipping companies and economic sanctions advice. We routinely resolve disputes on behalf of our clients both in and out of court including appearing in the courts of the Marshall Islands.
Tax
Our tax practice represents almost every type of shipowner and operator from the largest publicly traded companies to privately-held companies with smaller fleets of vessels, from companies that have been in families for generations to newly formed operators seeking to build a business. We work with our clients to structure their affairs to efficiently comply with tax obligations, including U.S. corporate income tax filings and claiming the Section 883 exemption from U.S. federal income tax on U.S. source shipping income. We are also closely monitoring regulatory developments in regards to economic substance requirements. Our unparalleled industry expertise gives us the insight to advise our clients on the best structure in their specific situation.
Legal Opinion
The issuance of Marshall Islands opinions is an integral part of our maritime practice. Our Marshall Islands legal opinions are accepted in billions of dollars’ worth of transactions annually by international banks, other financial institutions and regulators, including the United States Securities and Exchange Commission. Lenders for whom we regularly render Marshall Islands legal opinions include virtually all of the major shipping banks and other financial institutions lending in the space.
“Esteemed maritime finance practice regularly handling high-profile transactions for significant international clients. Well known for being highly capable in private equity, capital markets and complex commercial financing transactions. Offers further notable expertise in US flag, tax and bankruptcy matters. Utilized by entities operating in the shipping, offshore and logistics sectors.”
Chambers USA 2020
Partner Michael Timpone “enjoys a good reputation within the market for his work in the shipping sector, particularly for his representation of banks.”
Chambers Global 2018
Winner of Marine Money’s 2019 “Editor’s Choice Deals of the Year”
Marine Money
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Blog Editors
Blog Editors
Michael Timpone
Partner
Hoyoon Nam
Partner
Kurt Plankl
Associate
Michael Timpone
Partner
Hoyoon Nam
Partner
Kurt Plankl
Associate
Resources
Resources
New York Office
One Battery Park Plaza
New York, NY 10004
Phone (212) 574-1200
Fax (212) 480-8421
Washington, D.C. Office
901 K Street, NW
Washington, DC 20001
Phone (202) 737-8833
Fax (212) 480-8421
Contact Us
New York Office
One Battery Park Plaza
New York, NY 10004
Phone (212) 574-1200
Fax (212) 480-8421
Washington, D.C. Office
901 K Street, NW
Washington, DC 20001
Phone (202) 737-8833
Fax (212) 480-8421
Contact Us
© 2021 Seward & Kissel LLP
© 2021 Seward & Kissel LLP