2 ms·
Liability can be quite a problem when the original entity collapses or thoroughly transforms itself. A possible development for both corporations and nation sta
by inglor_cz 2y ago
Liability can be quite a problem when the original entity collapses or thoroughly transforms itself. A possible development for both corporations and nation states.
- dredmorbius 2y agoYes, and ... This is already a major problem with long-tail risk activities (industrial plants, mines, oil wells) or those with numerous small operators (shipping, itself the origin of the modern insurance industry). Established operators sell off or otherwise divest high-risk operations, units, vessels, etc., to smaller entities which can extract remaining value then walk away from the ultimate costs. Add in to this problems of international law (and its even more problematic variants, marine and aerospace law), and you've got problems poorly addressed by market-bases solutions.