April 24, 2019

Court permits strategic transfer of Center of Main Interests (COMI) in Chapter 15 Case

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By Hogan Lovells From JD Supra The bankruptcy court in In re Ocean Rig UDW Inc., 17-10736 (Bankr. S.D.N.Y. Aug. 24, 2017) determined that a decision by an offshore drilling company from the Republic of the Marshall Islands (RMI) to shift its Center of Main Interest (COMI) to the Cayman Islands prior to defaulting on […]

Cayman Islands: RMI’s Master (Yachts) Unlimited CoC recognised

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BY BRYONY MCCABE From Superyacht News It encompasses all of the STCW requirements of the Master Unlimited CoC, excluding cargo related subjects. At the end of 2016, representatives of the Republic of the Marshall Islands (RMI) Registry and the Cayman Islands Shipping Registry met to discuss the RMI’s Master (Yachts) Unlimited Tonnage Certificate of Competency (CoC). […]

Cayman Islands recognition of the Republic of the Marshall Islands Master (Yachts) Unlimited tonnage

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Representatives of the Republic of the Marshall Islands (RMI) Registry and the Cayman Islands Shipping Registry met in George Town, Cayman Islands on 5 September 2016 to discuss the RMI’s Master (Yachts) Unlimited Tonnage Certificate of Competency (CoC) and the Cayman Islands Registry’s recognition of this Certificate. The meeting was held on the opening day […]