RMI Focus: Marshall Islands Law Permits A Broader “Duty of Inquiry” Defense for Vessel Owners Facing Necessaries Lien Claims

In the Maritime Act, the Republic of the Marshall Islands (“RMI”) has adopted the “non-statutory general maritime law of the United States” as the general maritime law of the Republic.  That creates an important measure of predictability and stability for many marine financing transactions and other matters governed by RMI law, but it is important […]

The Shipping Law Review – Edition 7, Marshall Islands Chapter

I   COMMERCIAL OVERVIEW OF THE SHIPPING INDUSTRY The Republic of the Marshall Islands is home to one of the world’s largest registries of ocean-going vessels, mobile drilling units, floating production platforms and other vessels. More than 3,000 such vessels are registered under the Marshall Islands flag, making up more than 102 million gross registered tonnage, […]

Marshall Islands Companies Get Clarity on Virtual Shareholder Meetings

The ability of public companies to conduct virtual shareholder meetings has received significant attention in 2020 following the outbreak of the Covid-19 virus that resulted in numerous jurisdictions around the world imposing restrictions that prevent in person meetings and impede travel. Recognizing the uncertainty that these restrictions placed on 2020 annual shareholder meetings, the U.S. […]

The Marshall Islands Corporate Registry Releases Compliance Update

The Marshall Islands Corporate Registry released a compliance update on March 5, 2020 wherein it summarized certain key developments relating to Organisation for Economic Cooperation and Development (“OECD”) evaluations, Financial Action Task Force (“FATF”) evaluations, and updates on removal of the Republic of the Marshall Islands from blacklists by the European Union and France. These […]