Pacific Islands

A number of the Pacific Islands have a fully centralized, fully electronic registry, which operates on a notice filing system.  An important goal of the reforms was to promote increased investor and creditor confidence  by having greater uniformity across the Pacific jurisdictions:

Federated States of Micronesia enacted the Secured Transactions Act 2006: Summary.

The Republic of the Marshall Islands enacted the Secured Transactions Act 2007: Online filing system.

Tonga enacted the Personal Property Security Act 2010: Online filing system.

Vanuatu enacted the Personal Property Securities Act 2008:  Online filing system.

Solomon Islands enacted the Secured Transactions Act 2008: Online filing system.

Palau enacted the Secured Transactions Act 2012: Online filing system.

More information is available in this report by the Asian Development Bank.

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