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Chapter 3 – Palimpsests of Law and Corporate Sovereigns
3
terms
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notes
portentous
(en)
(adjective) of, relating to, or constituting a portent / (adjective) eliciting amazement or wonder; prodigious / (adjective) being a grave or serious matter / (adjective) self-consciously solemn or important; pompous / (adjective) ponderously excessive
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But the case is notable for the portentous and pedantic elaborations made by the arbitrator,
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But the case is notable for the portentous and pedantic elaborations made by the arbitrator,
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abeyance
(en)
(noun) a lapse in succession during which there is no person in whom a title is vested / (noun) temporary inactivity; suspension
108
States can also choose to create enclaves where laws and regulations are held in abeyance, ostensibly to spur commerce.
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States can also choose to create enclaves where laws and regulations are held in abeyance, ostensibly to spur commerce.
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variegated
(en)
(adj) exhibiting different colors, especially as irregular patches or streaks
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These security measures provide spaces in which states intentionally exercise a ‘variegated sovereignty’ in which there is little or no corporate tax, little or no income tax for noncitizens, no customs or tariffs, and very little regulation.
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These security measures provide spaces in which states intentionally exercise a ‘variegated sovereignty’ in which there is little or no corporate tax, little or no income tax for noncitizens, no customs or tariffs, and very little regulation.
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In 1985, Jabal Ali Free Zone hosted sixteen companies. After it lifted foreign ownership restrictions, out of 720 companies in 1995, only 25 per cent were Emirati.103 By 2019, it boasted of accommodating more than 7,000 firms. Foreign businesses, polled about why they preferred operating in the zone, cited ‘political stability’ as their foremost reason. ‘Political stability’ is of course a euphemism for governance predicated on a docile and policed population and deportable labour. Access to telecommunications, transport and banking services, and the absence of taxes also ranked high on the list.104
In 1985, Jabal Ali Free Zone hosted sixteen companies. After it lifted foreign ownership restrictions, out of 720 companies in 1995, only 25 per cent were Emirati.103 By 2019, it boasted of accommodating more than 7,000 firms. Foreign businesses, polled about why they preferred operating in the zone, cited ‘political stability’ as their foremost reason. ‘Political stability’ is of course a euphemism for governance predicated on a docile and policed population and deportable labour. Access to telecommunications, transport and banking services, and the absence of taxes also ranked high on the list.104