DAO LLC Litigation

To MIDAO's knowledge, no RMI DAO LLC has yet sued or been sued in the Marshall Islands or elsewhere.

However, thanks to the history of the Marshall Islands being a leading jurisdiction in the shipping industry, there is strong precedent and confidence in the country's legal system.

The Marshall Islands courts will also look to Delaware corporate litigation precedent to influence decisions when it does not conflict with existing Marshall Islands law or precedent.

Choosing Your Venue and Governing Law

• A DAO LLC can set its preferred jurisdiction and venue for disputes in its Operating Agreement, and can choose the governing law of the contracts it signs (separately from Marshall Islands law, which governs the entity itself). Disputes don't have to be litigated in the Marshall Islands.
• This flexibility is one reason so many companies, including companies listed on NASDAQ and NYSE, are incorporated in the Marshall Islands.
• Have a lawyer draft the venue and governing-law clauses in your Operating Agreement and contracts.