by Max Barry

Latest Forum Topics

Advertisement

3

DispatchMetaReference

by The Government Department of European WA Office. . 77 reads.

WA Office | International Bankruptcy Protocol

| GOVERNMENT | HOME OFFICE | FOREIGN OFFICE | WA OFFICE | DISPATCHES |
| ABOUT | STAFF | OPINIONS |

The proposal at vote, International Bankruptcy Protocol, is admittedly a dry piece of legislation setting up a system to protect both lenders and borrowers. Bankruptcy is a legal process whereby a person who is unable to pay their debts receive relief from these financial obligations. It requires, specifically, that nations ‘share’ jurisdiction and bankruptcy law in very limited situations so that a debtor who has assets spread across multiple jurisdictions cannot hide their money from creditors. It is, therefore, an issue requiring World Assembly involvement.

But the proposal does not just protect creditors, as member states also give debtors protections from collection efforts while assets are being managed during bankruptcy. The proposal also helps cut down on abuse by foreign laws by letting states make accommodations to prevent abuse.

With commerce spread across nations, businesses and individuals often find it necessary to restructure and discharge debts. International Bankruptcy Protocol manages to do this in a way that is equitable to all parties and ensures that member states do not spend exorbitant funds accommodating dozens of proceedings for the same parties across dozens of nations. The legislation at-vote is well-written and deals with this issue in a way that respects the different financial systems employed by the multitude of member states affected. Even if your nation does not have bankruptcy law, this protects the individuals and parties without requiring that you change your laws. Despite the complicated subject, the proposal addresses the competing concerns neatly.

The WA Office recommends a vote FOR ‘International Bankruptcy Protocol.’

Primary author(s): Imperium Anglorum, Separatist Peoples, Kenmoria.

Tags

6e republique francaise A state of trance Acaduil Ahma Ainee Alba-nord Albathla Alonard Altanys Aluziane Alympian Kingdom Amicities Anatoshia Anglealnd Angleterres Ansington Anskerdank Apabeossie Apollonivm Appathian Aragonja Arax Arguistan Aristeme Arorska Artonin Aslicuria Ausvelt Bahnhofstrasse Bareu Bathera Bavira Baycanistan Belgique et france Belmoren Betasia Bialopolska Birdopiane Blechingia Blood and destiny Bohomo Boldia Bombastion Brakanistan Bread and butter and jam Britannny British Alban British cantha British swahili Bruh momentians Burgene Byzantinumus Cmcii Cadersy Canovium Carphelia Castelblancia Cherised lands of galicia Chioganah Chronus Cisplatinaa Cockcephia Continental social democrats Corthaen Corum55 Cosadamia Cre Alworkez Cydfuddiannaeth Cytadela Czarigrad Dalmannia Daneforth Dannach Dark Matter Dasche Delphinia Deltia- Demon666 Desibia Destyntine Devlina Diets Dipretorian Distelmsland Djennis Dogemark Domton Dorpz Dorsten Drew Durrnil Dreysia Druznia Dukradi Duomenbutle Durlia Durtoria Enotria East zaolzie East-thomasland Eastern greenlands Eesenland Egyptian mamluk sultanate Eiffelland Einswenn El musafir Elisabethshagen Elitestland Emirates of south carolina Encaenia Engales and southern ireland Engelhardenia Erenpolis Eritei Escann Escavilla Estonesia Esvonia Etnasia Euristone Euro liberland Evergreen keys Evka Fabolionistan Farrensk Fasumia Feria-Alkaline Finish republic Flight force one Franco-Belguim Fredomisa Free karabakh Free workers macedon Frialla Gaiandmo Galrica GanymedEuropa Garandua Garya Generalitat catalunya German bismarck republic German danzig Germania grosspreussen Germany third reich Godefargen Gohia Grand trestan Great robertia Great winminster Greate san marino Greater Albaina Greater belgium Greater kekkoslovakia Greater Orcadia Greater state of bonnie Greater Tomland Grodisze Gultravia Hydra-russian empire Hafrsa Heinsbergen Herkori Hesperisia Hilbert dimension Hinduistischland Hirota Hispania reich Holy northern greenland Iggly iggle Illyrianalbania Illyricvm Imperium Anglorum Imperium germaniae Imperium Malignis Impollionis Invernessia Irminsulia Isonia 69 Italic league Izpirituen Jambon Jarmia Jebeland Jim the Baptist Jordariki Joselix Judeomarksistowskie podlasie Kabzeel Kaldakvisl Kalifer and Baska Kanokla Kardjali Kashtyria Kelkn Kenmoria wa mission Keravonia Khaepitalischt Kingdom of ben at the norrisland Kurfuerstentum Brandenburg-Mecklenburg Kurman Lagenhagen Laggos Lagora Langan Leille Leszno Lexembourg Leymen Liberal federal republic germany Liberny Lieges Limerickshire Lindenhelm Lithuania and ruthenia Lodhs beard Lohika Lovisa Lucritz Ludviska Lumitauka Lundelbell Lunisia Lyallpur Lyndismess Maanenland Martelon Mediama Miechow 2 Mielcarek Migurson Milfgaerd Milovia Montagne riche Monte Naranja Moravian-Silesian Kingdom Morotsa NEW UDS Nanew Nardin Nation of warfare Nea Europa Nedeslavia Neudeutsches Imperium Nevelja New hevania New leeds state New pannonia New Petra New touraine New Vorarlberg New Ylicia Nidowe Nieuw Gent Norbarch North Batica North of Americas Northeast Vatican Northern heltan parimenrharky Nova cuscatlan Nova hollandia Nova Prussia Novabritannia Novo Portugal Novo provinia Novolemania Nuclear lammi Num ast Nuweland Nyrstaland Old World Order Orinkwaka Orob Ostermarch Oswesch Othenhiem Outer Sparta Parliamentary Laramidia Pazano Permorania Phillicans Pierce landicus Pilipinas and Malaya Pinenses Poland-kaliningrad Pollend Popaholick Premier league Preuen Pribyslavvitz Proutosaure Prussian-union Prusso-britannia Puhja Purgatio Pydrus Quentenia Regnum Italiae Reignment Republic of Satherland Republicofblanc Rhinowolf Rhomi Riega Rijland Romainnapo Romana imperium de italia Rotenstein Rouvenor Rowandaa Sablya Sagral San juan bautista i Savinecross Savoy and Milan Scravovia Serbia-macebonia Seristria Shagolaa Shamblia Sicilian imperial-capitalist empire Sinclairtown Skjern Slavorussia Sloburg Slovanov Slovenian styria Socialist balkans Socialist Soviet Armenia Solteur Someseni South St Maarten Spudguy Squidroidia St Scarlett State of kian Stromia Stukilo Stumphosse Res Suissen Sukitopia Supcotia Swillinia Switzerland and vorarlberg Taboritia Tarsena The 4th french empire The Champions League The empire of occitania The Euro Zone The fair republic The great owen The Greater Eastern Republic The ivory tower of academia The Kingdom of Denmark The mongol plain The monkey sanctuary The New Dawn Imperium The new faroe islands The new greater swissland The New Nordic Union The olish union The oriental empire The pagan moon The peoples republic of suffolk The Poland-Lithuania Commonwealth The Scandinavian Realm The sect meces The Seven Provinces The thirty two counties The wretched of this earth The-British-Isles TheDawnNation Thepolis Theodiscland Thesnor Thils Toaddia Toussainti Transmontagne Treehound Trixeland Tryienne Tsar of bulgaria Ukraba Uldar Union Umeria Union of sovereign states and republics United empire of arevaan Uranus2 Urbintin Valskraa Vartonia Velosia Vijayanta Vilardosia Visaland Viscland Volara Volonism Vulpan Walfo Warburg Weeddialvon Weird 9265 Welsh lands Weltbeherrschung West Geneva Western Berlin Wiener-Neustadt Wombelland Wunly andencria Yolomimia Yahlia Yoannes Zaporizhzhia Zarulia Zergezovia Zeronica

Why was I tagged?!

Current policy emerged from the poll conducted here, which showed a majority supporting telegrams disseminating these messages to all residents. Internally, however, the Office compromised between telegrams – which many in the region might find spammy, due to the default limitations of telegram mailboxes – and oft-ignored RMB messages.

The above tags were generated automatically by InfoEurope.

You can opt out of tagging by sending a telegram to the Office's WA Secretary or the Undersecretary for Communications. Current staffing information is located in the "STAFF" tab at the top of this page.



RawReport