March 23, 2009 by admin
In February 2009, legal research volunteer Jorge & I had lunch with a noted international expert on the Law of the Sea, who we’ll call X. We mainly discussed near-shore medical tourism as the initial business model. Here are my notes from the meeting:
There is a tension between credibility and regulation of flagging states. The ones which will monitor you the least also have the least credibility in the world of international law. Patri & Jorge believe we should follow a laddered approach. Start with whoever will take us – Tuvalu, Marshall Islands, Liberia, Panama. See how it goes. Continue reading
March 19, 2009 by admin
One of our favored business models has been the CoastStead – a business park operating 12nm offshore, just outside territorial waters. Being able to draw from the economy of a first-world country makes it much easier to make money and finance a seastead.
However, our recent legal research has determined that this model may not work with existing international law. While a ship is under the flag jurisdiction beyond 12nm, artificial installations are regulated by the coastal state throughout the EEZ (200nm or more). Continue reading