When the Tempest Subsides: Investment in the U.S. Maritime Sector by Marilyn Muench

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The economic crisis is far from over. But heartening signs have recently begun to appear, including indications of positive growth in some European nations, a healthier stock market in the United States, and heightened interest in new investments by some sovereign wealth funds. These hopeful trends may signal renewed interest in investing in the U.S. maritime industry. When evaluating a potential investment in the industry, the first issue investors usually consider is that of U.S. citizen ownership and control requirements. It is also important, however, to analyze the impact of other U.S. laws on the potential investment. This article reviews some new developments relating to foreign investment, as well as some existing restrictions relating to economic sanctions, that should be on everyone’s radar screen.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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