Crest Commission Consolidation Charter

The Crest Commission Consolidation Charter was drafted in 4 ABY, just after the formation of the Caspian Democratic Union, to address several important issues regarding five industries vital to the success of the new commonwealth.

The companies of SubPro, InterSpec, FLS, and NovaCom pledged to remain within Union space, produce Union wares, and employ Union citizenry, provided that, if in the event of economic shortfall, the Crest would subsidize them and prevent their bankruptcy. The fifth company was formed by the Charter itself from the holdings of three smaller operations and became known as CASE, or Consolidated Air & Surface Engineering.

Only on a few occasions has the Crest been forced to intervene, most notably when InterSpec went through a period of absolutely fruitless mining, and was on the verge of bankruptcy, and when SubPro was on the verge of naively signing a deal with BespinMotors to bring the shipwright, and its holdings, to Bespin. What SubPro didn't know was that BespinMotors was, at that time, acting as a front for Sienar Fleet Systems. All of SubPro's holdings would have been turned over to the Imperial corporation, and much of the Union might have been compromised. The deal was blocked in the eleventh hour, and SubPro remained completely Caspian.

Unfortuneately, the charter has not remained entirely intact. In 11 ABY, NovaCom found itself shifting more and more of its business into dealings with the CSA, and through a series of rapid corporate transactions, found itself squarely entrenched in the Direx. In a matter of days, CSA ventures owned majority stock, and had altered the entire direction of the company. The Crest, caught in a rare lapse of awareness, was unable to counter, and instead has made steps to steadily divorce involvement with NovaCom from its interests.