(a) A Virgin Islands South Shore Trade Zone certificate granted in accordance with this subchapter may be revoked, suspended or modified by the Commission, after due notice, public hearing and written findings by the Commission that:(1) the Beneficiary has failed to maintain compliance with the requirements of this subchapter, or any regulation hereunder; or(2) in the case of a corporation, upon knowledge by the Commission that the corporation:(A) has been dissolved; or(B) has filed, or there has been filed against the corporation, a petition in bankruptcy that has been approved; or(3) the Beneficiary has failed to file an annual report of ownership; or(4) the Beneficiary, or in the case of a corporate Beneficiary, any officer acting in behalf of the corporation, has been convicted of a felony connected with the operation of the Beneficiary’s business or industry or crimes involving moral turpitude; or(5) the Beneficiary, or in the case of a corporation an officer acting in behalf of the corporation, has given or offered, or caused to be given or offered, a bribe, or any money, property, or value of any kind, or any promise or agreement therefore, to a public officer, or to a person executing any of the functions of a public office, or to a person elected, appointed or designated to thereafter execute the same, with intent to influence him with respect to any act, decision, vote, opinion or other proceedings, in the exercise of the powers or functions which he has or may have pertaining in any way to the industrial development program. In addition to the fine or imprisonment provided in title 14, section 406 of the Virgin Islands Code for this offense, any benefit granted or obtained as a result of such act, decision, vote, opinion or other proceeding is void as to the briber and recoverable from the briber as the circumstances of the case may dictate.
(1) the Beneficiary has failed to maintain compliance with the requirements of this subchapter, or any regulation hereunder; or
(2) in the case of a corporation, upon knowledge by the Commission that the corporation:(A) has been dissolved; or(B) has filed, or there has been filed against the corporation, a petition in bankruptcy that has been approved; or
(A) has been dissolved; or
(B) has filed, or there has been filed against the corporation, a petition in bankruptcy that has been approved; or
(3) the Beneficiary has failed to file an annual report of ownership; or
(4) the Beneficiary, or in the case of a corporate Beneficiary, any officer acting in behalf of the corporation, has been convicted of a felony connected with the operation of the Beneficiary’s business or industry or crimes involving moral turpitude; or
(5) the Beneficiary, or in the case of a corporation an officer acting in behalf of the corporation, has given or offered, or caused to be given or offered, a bribe, or any money, property, or value of any kind, or any promise or agreement therefore, to a public officer, or to a person executing any of the functions of a public office, or to a person elected, appointed or designated to thereafter execute the same, with intent to influence him with respect to any act, decision, vote, opinion or other proceedings, in the exercise of the powers or functions which he has or may have pertaining in any way to the industrial development program. In addition to the fine or imprisonment provided in title 14, section 406 of the Virgin Islands Code for this offense, any benefit granted or obtained as a result of such act, decision, vote, opinion or other proceeding is void as to the briber and recoverable from the briber as the circumstances of the case may dictate.
(b) If notified by the Commissioner of Labor that a Beneficiary has violated the resident employment requirements of this subchapter, the Commission shall hold a hearing at which the Beneficiary must show cause why its certificate should not be modified, suspended or revoked.
(c) In connection with any hearings or investigations required under this section the Commission subpoena witnesses, records and books, administer oaths and inspect properties.
(d) The expenses of any investigation or any proceeding by the Commission to determine compliance by any Beneficiary must be borne by the Beneficiary.