Knassania: Difference between revisions

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===Law===

Knassania is an extremely unfavourable venue for foreign litigants: Travel to the province is difficult, regulatory agencies are opaque and corrupt, the courts are severely backlogged and operate in languages ~~that are~~ virtually unknown elsewhere, and the bench of judges and lawyers qualified to try cross-border financial cases is shallow. This has made Knassania useful to white-collar criminals.

Knassania is an extremely unfavourable venue for foreign litigants: Travel to the province is difficult, corporate registries and other public records are not searchable, regulatory agencies are opaque and corrupt, the courts are severely backlogged and operate in languages virtually unknown elsewhere, and the bench of judges and lawyers qualified to try cross-border financial cases is shallow. This has made Knassania useful to white-collar criminals.

The state's utility for corporate fraud was first recognised by the [[Pribraltar]]-based financial criminal [[Juan Kerr]]. Kerr deployed a scheme that, in its simplest form, involves forming a corporation in a well-governed Kiravian coastal state with a good reputation, such as [[Niyaska]] or [[Argévia]], securing funds from overseas investors, and then "dumping ~~[the company]~~ in the swamp" by quietly transferring its corporate domicile to Knassania, from whence the proceeds can be siphoned away, forcing the investors to either cut their losses or exhaust a vast amount of time and money preparing for a distant court date in the backwater province.

The state's utility for corporate fraud was first recognised by the [[Pribraltar]]-based financial criminal [[Juan Kerr]]. Kerr deployed a scheme that, in its simplest form, involves forming a corporation in a well-governed Kiravian coastal state with a good reputation, such as [[Niyaska]] or [[Argévia]], securing funds from overseas investors, and then "dumping it in the swamp" by quietly transferring its corporate domicile to Knassania, from whence the proceeds can be siphoned away, forcing the investors to either cut their losses or exhaust a vast amount of time and money preparing for a distant court date in the backwater province.

==Society and Culture==

@@ Line 124: / Line 124: @@
 ===Law===
-Knassania is an extremely unfavourable venue for foreign litigants: Travel to the province is difficult, regulatory agencies are opaque and corrupt, the courts are severely backlogged and operate in languages that are virtually unknown elsewhere, and the bench of judges and lawyers qualified to try cross-border financial cases is shallow. This has made Knassania useful to white-collar criminals.
+Knassania is an extremely unfavourable venue for foreign litigants: Travel to the province is difficult, corporate registries and other public records are not searchable, regulatory agencies are opaque and corrupt, the courts are severely backlogged and operate in languages virtually unknown elsewhere, and the bench of judges and lawyers qualified to try cross-border financial cases is shallow. This has made Knassania useful to white-collar criminals.
-The state's utility for corporate fraud was first recognised by the [[Pribraltar]]-based financial criminal [[Juan Kerr]]. Kerr deployed a scheme that, in its simplest form, involves forming a corporation in a well-governed Kiravian coastal state with a good reputation, such as [[Niyaska]] or [[Argévia]], securing funds from overseas investors, and then "dumping [the company] in the swamp" by quietly transferring its corporate domicile to Knassania, from whence the proceeds can be siphoned away, forcing the investors to either cut their losses or exhaust a vast amount of time and money preparing for a distant court date in the backwater province.
+The state's utility for corporate fraud was first recognised by the [[Pribraltar]]-based financial criminal [[Juan Kerr]]. Kerr deployed a scheme that, in its simplest form, involves forming a corporation in a well-governed Kiravian coastal state with a good reputation, such as [[Niyaska]] or [[Argévia]], securing funds from overseas investors, and then "dumping it in the swamp" by quietly transferring its corporate domicile to Knassania, from whence the proceeds can be siphoned away, forcing the investors to either cut their losses or exhaust a vast amount of time and money preparing for a distant court date in the backwater province.
 ==Society and Culture==

Knassania: Difference between revisions

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