5 ms·
>> But why are we discussing the ship's property anyway?) Fair response. It started from commenting on how corporate law shields and obscures ownership or inte
by dalbasal 6y ago
>> But why are we discussing the ship's property anyway?)
Fair response. It started from commenting on how corporate law shields and obscures ownership or interest from liability. In this case its liability for blowing up Beirut. The game is usually about tax liability, but it's a similar game.
My point is that when lawlessness in relation to tax occurs... it's usually enabled by corporation law, and the obscurity inherent in it. Something similar seems to have happened here, at least if this article is accurate.
the Russian man variously described as the owner or the operator of the Moldovan-flagged MV Rhosus, is said to have abandoned the vessel in Lebanon after declaring bankruptcy. The vessel’s deadly cargo had been purchased from the country of Georgia by a Mozambican firm that produces commercial explosives, via a British middleman trading firm linked to Ukraine.
The ownership of the Rhosus, and the companies that ordered the nearly 3,000 tons of ammonium nitrate to be transported halfway around the world in a rickety ship, are obscured by layers of secrecy