You should take a look on webhosting offers and ask your hosting, if they accept this kind of site on the servers.
most offshore company will accept this without problem.
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Specs seem to be within a common range but pardon me for being ignorant...what is IPL? and are you saying someone might come after your site wanting to shut it down or suspend it getting the host legally involved?
Just wondering... haven't seen this type request before and don't really know what you are talking about.
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if you try yo do streaming you site will be suspended in the shared hosting space..............suggestion is go for a VPS peace of mind...search for a best vps with good quality and host it...GOOD luck..!