The World Economic Forum (WEF) ranks corruption as the Slovak Republic’s second most pervasive pitfall for the country’s businesses sector. Ranking first on the list is governmental bureaucracy leading to systematic public service inefficiencies, according to WEF.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
The World Economic Forum (WEF) ranks corruption as the Slovak Republic’s second most pervasive pitfall for the country’s businesses sector. Ranking first on the list is governmental bureaucracy leading to systematic public service inefficiencies, according to WEF.
The GESI Token White Paper explains that Central Slovakia is home to one of the world’s largest talc mines, Gemerska Poloma. EuroGas Inc. won an exporporation appeal ruling, arguing that the Slovak state authority illegally took mining rights (as property) from EuroGas Inc. for public use and benefit. General European Strategic Investments Inc. (GESI) has purchased an 80% stake in EuroGas’ potential arbitration award. The GESI utility token has been created to fund arbitration costs, litigation expenses and case management costs.
GESI Holdings LLC has utilized Wyoming’s new crypto business organization framework that protects decentralized autonomous organizations (DAOs). GESI has set-up a foundation to recognize token holders, and a total of 100,000,000 GESI tokens will be issued.
The token offer is being listed under SEC Rule 506 (c) of Regulation D, which means residents of the United States must be officially accredited investors and will be required to prove their accreditation before subscribing to GESI’s token sale.
