Bay 12 Games Forum

Cateogry: Advancement of Industry
AoE: Labor Deregulation

NOTING WITH DEEP REGRET the plight of many debtors saddled with huge debts that cannot be easily repaid,

STATING that such debts harm both the health of global economy, restricting economic growth, and the debtor himself, constantly worried about the state of his finances,

REALIZING that these debtors may lack currency but may be able repay the debt by providing services, via debt fufilment,

FULLY AWARE that Debt Fufilment is a controversial subject where many people disagree, but that a compromise may be reached,

DEFINING Debt Fufilment as a contract by which a debtor will pay outstanding loans to a creditor by using direct labour instead of currency or goods,

1. DECLARES that all nations have the right to legalize, regulate or ban debt fufilment within their borders.

2. STRONGLY URGES all nations to respect the legislation concerning this issue, of any and all other NSUN members.

3. REMINDS all nations that debtors who enter into debt fufilment will not, at any time, be considered possession, property, or chattel of any other person or any legal entity, nor treated as such,

4. MANDATES that if a nation legalises and regulates debt fufilment the following regulations on debt fufilment be enshrined in law and enforced:
a)The debtor and the creditor must freely agree to the contract, under binding independent arbitration, with right to legal and financial counsel at any time.
b) The debtor and the creditor has the right to terminate the contract at any time, provided he gives specific and reasonable prior notice. The debtor shall resume payment of the loan by conventional ways, with the labour delivered under the contract applied to the balance of the loan.
c)The creditor is required to provide the debtor and his family with all the necessities of life, including, but not limited to, adequate food, water, and housing, during the term of the contract, in so far as this is not covered by other arrangements.
d) The creditor and debtor are required to come to an arrangement, with the purpose of providing a budget for the debtor to re-enter a normal economic life.
e)The debtor's freedom to travel is guaranteed under the condition that the leave of absence does not exceed any reasonable term.
f) The contract can be shortened or extended by the freely given consent of both parties or by an order of the court. If extended, part of the labour will be treated as regular labour, paid directly to the debtor in the nation's designated form of salary.
g) The conditions of the labour, whether manual or intellectual, equal or exceed the established norms and standards in the relevant sector.
h)The creditor has the right to hire out the debtor's labour, if the former has no use for the debtor's skills. This will be under strict observation of the court.

5. STRESSES that where debt fufilment is legalised, this is not to be considered an alternative to extant efforts in social welfare.

6. STRESSES that debt bondage should be a last option: proof of attempts to repay by conventional means is required.

7. PROHIBITS creditors from engaging in violence, threats of violence, enforced indebtedness, or other forms of undue coercion, during the term of the contract. Violation will effect the prompt annulation of the contract, cancellation of the debt associated to it, and punishment to the fullest extent of the law.

8. AUTHORIZES the United Nations Free Trade Commission (UNFTC) to arbitrate any disputes arising concerning the interpretation of this legislation.

Co-Written by Beaucalsradt