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Energy & Manufacturing Industry
Energy & Manufacturing Industry
Daniel Frazee avatar
Written by Daniel Frazee
Updated over a year ago

1. Energy or Manufacturing Industry legal entities and natural person principals (who apply independent, professional or expert judgment; not ministerial servants) must elect (by filing a notice with the ZEDE personal or entity registry in connection with their residency application) to conduct their respective Energy or Manufacturing Industry operations AND/OR a specific project under any of: (a) the liability framework of U.S. common law with liability for injuries enhanced by 3x compensatory damages and personal liability for officers, directors and owners to the extent of their equity investment or past year’s compensation; (b) good faith compliance with the applicable national and subnational Energy or Manufacturing Industry regulations, respectively, of any of Honduras, United States of America, Australia, Austria, Belgium, Canada, Chile, Denmark, Dubai, Estonia, Finland, France, Germany, Hong Kong, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Singapore, Spain, Sweden, Switzerland, or United Kingdom (as if the Energy or Manufacturing Industry legal entity and natural person principal were operating and/or the project were located therein; notice of election must also be propagated in all contractual documents); or (c) a self-designed regulatory framework proposed in the form of a petition for consideration and adoption by Próspera ZEDE Resolution, which can be made applicable to all similarly situated legal entities and natural person principals if they so elect. 2. Legal entities and natural person principals (who apply independent, professional or expert judgment; not ministerial servants) in the Energy or Manufacturing Industry must comply with the Personal Financial Responsibility Statute by obtaining insurance from a Qualified Insurer with annual loss limits of $500,000.00 USD/12,412,500 Lempira covering liability for final awards of the default Arbitration Service Provider. If such insurance is provided by the GSP as insurer of last resort, then the annual premium must not exceed $14,160.00 USD/360,000 Lempira. Further, if the GSP is required to provide such insurance as the insurer of last resort, mandatory insurance terms may be adjusted by transparent negotiation and agreement; and thereafter made available to all insurers and insurers. Regulations Applicable Specifically to the Mining and Subsurface and Waste Management Industry 1. Mining and Subsurface or Waste Management Industry legal entities and natural person principals (who apply independent, professional or expert judgment; not ministerial servants) must elect (by filing a notice with the ZEDE personal or entity registry in connection with their residency application) to conduct their respective Mining and Subsurface or Waste Management Industry operations under any of: (a) the liability framework of U.S. common law with liability for injuries enhanced by 3x compensatory damages and personal liability for officers, directors and owners to the extent of their equity investment or past year’s compensation; (b) good faith compliance with the applicable national and subnational Mining and Subsurface or Waste Management Industry regulations, respectively, of any of Honduras, United States of America, Australia, Austria, Belgium, Canada, Chile, Denmark, Dubai, Estonia, Finland, France, Germany, Hong Kong, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Singapore, Spain, Sweden, Switzerland, or United Kingdom (as if the Mining and Subsurface or Waste Management Industry legal entity and natural person principal were operating and/or the project were located therein; notice of election must also be propagated in all contractual documents); or (c) a self-designed regulatory framework proposed in the form of a petition for consideration and adoption by Próspera ZEDE Resolution, which can be made applicable to all similarly situated legal entities and natural person principals if they so elect. 2. Legal entities and natural person principals (who apply independent, professional or expert judgment; not ministerial servants) in the Mining and Subsurface or Waste Management Industry must comply with the Personal Financial Responsibility Statute by obtaining insurance from a Qualified Insurer with annual loss limits of $3,000,000.00 USD/74,475,000 Lempira covering liability for final awards of the default Arbitration Service Provider. If such insurance is provided by the GSP as insurer of last resort, then the annual premium must not exceed $390,000.00 USD/

9,000,000 Lempira. Further, if the GSP is required to provide such insurance as the insurer of last resort, mandatory insurance terms may be adjusted by transparent negotiation and agreement; and thereafter made available to all insurers and insurers.

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