The heirs who are not accepted receive shares and liquidate

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Last week, the world watched the tragedy of the Titan submersible and the five people on board who died in the tragic implosion. This event has raised important discussions, including with regard to the legal repercussions of the accident.

Tradeoff between regulation and innovation
The first legal discussion is related to the supposed tradeoff between regulation and innovation, given the well-known discourse that sees the former as a disincentive or even an obstacle to the latter.

In the case of the underwater expedition in question, it is sms gateway taiwan true that there was no specific regulation, especially since the submersible was operating in international waters. Furthermore, the Titan did not even have a safety certificate issued by a reliable third party. It was an experimental project, which was presented and defended as such by OceanGate executives, arguing that the existing certifications would be incompatible with the agility of innovation sought by the company.

This type of discourse leads us to several questions: is innovation a supreme value that can and should be achieved at any cost, even at the cost of human lives? To what extent should we tolerate experimentalism that puts human life at high risk? Is the protection of human life something that should be subject only to market solutions or, on the contrary, should it be subject to some type of regulation, at least to ensure compliance with basic safety obligations? To what extent could the implosion have been avoided with adequate regulation?