Marshalls parliament increases corporate transparency rules

BY GIFF JOHNSON

Marshall Islands Correspondent

 

MAJURO, Marshall Islands — An overhaul of the Marshall Islands “associations law” adopted by the Nitijela (parliament) on Nov. 1 before it recessed early this month aims to bring the country’s corporate laws into line with increasing transparency required internationally.

The Associations Law (Amendment) Modernization and Improvement Act 2017 focuses on establishing new requirements for companies incorporated or ships registered in the Marshall Islands. The Marshall Islands operates the world’s second largest ship registry and a significant offshore corporate registry, said to have over 40,000 corporations registered in the . . .

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