Legal Framework for Industrial Hubs
Industrial hubs, as instruments of economic policy, are unapologetic creations of the law. They take different forms but are essentially realized through a regime of waivers and exceptions to the rules of general applicability. The legal framework, quintessentially domestic in nature, is an embodiment of the Latin maxim lex specialis derogat legi generali. The lex specialis is ipso facto a function of each domestic system. Any exposition of the institutional and legal framework of industrial hubs is thus necessarily an appraisal of a series of parallel systems of law in varied jurisdictions representing a wide range of legal systems. The fundamental commonalities of the features of this regime of waivers and exceptions do, however, permit a systematic and unified appraisal. This chapter identifies the conceptual origin and evolution of the institutional and legal frameworks of industrial hubs, evaluates their function in a comparative context, and assesses the extent of harmonization across jurisdictions and the possible emergence of some useful transnational best practices.