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The role of the Marshall Islands flag in the shipping industry

The Marshall Islands retains strong links to the US under a compact of free association. Importantly, in a shipping finance context, the Marshall Islands is a contracting party to the 1961 Hague Convention Abolishing the Requirement of Legalisation for Foreign Documents and a contracting state to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”).

Latest Briefings

New changes impacting the leasing legislation

Law no. 83/2021 amending and supplementing Government Ordinance no. 51/1997 on the leasing operations and the leasing companies was published on April 16, 2021 in the Official Gazette no. 401, Part I. Importantly, the provisions of Law no. 83/2021 may only be applied for leasing agreements concluded after its entry into force.

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