If you come across a floating package in the middle of the ocean, just drifting away, can you claim ownership over it? You might think, “Sure, why not? Finders keepers.” However, it’s hardly that simple as it depends on several underlying factors. For one, there might be competing property interests. The parties here can typically be narrowed down to two key players: the original owner of the goods and the party that finds it. However, in some cases, there may be a third-party interest. This can occur when the first party to retrieve the floating goods unintentionally loses control of it, letting it float away again and a new finder retrieves it.

Tuvalu’s sinking raises questions about the private property interests of Tuvaluan property owners. Using American property law as a reference point, we can uncover approaches to answer whether Tuvalu’s national status can be preserved under a theory of property.

Who really owns the legendary pirate ship known as the Black Pearl? This dispute centers on the ownership of the infamous pirate ship. Originally known as the Wicked Wench, the vessel was owned by the East India Trading Company (EITC) and captained by Jack Sparrow. After Sparrow disobeyed orders and freed enslaved individuals, the Company, led by Cutler Beckett, had the ship destroyed. Years later, Sparrow reclaimed the wreck by making an agreement with Davy Jones, who raised the ship from the sea. Sparrow renamed it the Black Pearl, transformed it, and became an infamous pirate captain. The EITC never reclaimed or repaired the wreck, and it was lost to the sea.

A Canadian company, The Metals Company (TMC), recently applied for U.S. government approval to mine the deep seabed. Specifically, parts of the Pacific Ocean outside any country’s borders. Instead of going through the usual international process run by the United Nations International Seabed Authority, TMC is asking for a license under U.S. law called the Deep Seabed Hard Mineral Resources Act (DSHMRA), which allows U.S. companies to explore the ocean floors.