Dutch Caribbean Legal Portal
NEWSLETTER
CROSS BORDER CONVERSION AND MERGER (part 8)
- March 30, 2013 2:41 PM
Changes in Curacao as of 1 January 2012
The most important amendment in the Curacao provision with regard to the conversion of an NV or BV into a foreign legal entity (outbound) is that the requirement of the personal notice of liability by managing directors and shareholders has been removed as from 1 January 2012 onwards, except for the case mentioned below.
Suit Offers a Peek at the Practice of Inflating a Legal Bill
- March 28, 2013 10:22 AM
UNITED STATES - They were lawyers at the world’s largest law firm, trading casual e-mails about a client’s case. One made a sarcastic joke about how the bill was running way over budget. Another described a colleague’s approach to the assignment as “churn that bill, baby!”
Spoor SNS-fraude naar Curaçao
- March 27, 2013 7:40 PM
AMSTERDAM - Het fraude-onderzoek bij de vastgoedpoot van SNS Reaal krijgt een tropisch tintje. De fiscale opsporingsdienst FIOD speurt naar criminele geldstromen via de Nederlandse Antillen van verdachte Buck G. Dit melden bronnen dicht bij het onderzoek naar de SNS-fraude, volgens De Telegraaf
Hodge cabinet Curacao officially resigned
- March 27, 2013 6:42 PM
WILLEMSTAD--Curaçao Prime Minister Daniel Hodge announced that his government has officially resigned. The transition cabinet of professionals installed per January 1 by the PS/PAIS/PNP/Sulvaran coalition for three to six months now has a caretaker status, so that the process of forming a political government can start as parties had agreed on from the beginning. Indications are that in this phase MAN (two seats) will be asked to join the coalition and broaden its minimal majority of eleven in the 21-seat Parliament.
Dealing with troubled banks- discussion on LL corporate finance conference
- March 26, 2013 11:02 AM
Panic in the Eurozone was temporarily calmed once again after Cyprus struck a deal to restructure its collapsing financial system yesterday, but with the island’s banks still closed for business, the situation is a painful reminder of how bank insolvency is at the core of the crises being experienced around world.
Inwerkingtreding belastingverdrag Aruba – Frankrijk
- March 26, 2013 10:39 AM
Op 1 april 2013 treedt in werking: het Tax Information Exchange Agreement (TIEA) tussen de regering van het Koninkrijk der Nederlanden, ten behoeve van Aruba, en de regering van de Franse Republiek inzake de uitwisseling van informatie betreffende belastingen.
Supreme Court prepares for landmark gay marriage cases
- March 26, 2013 9:19 AM
UNITED STATES - Years of political and legal battles over same-sex marriage could be decided with the unusual spectacle of the White House and Congress facing off before the US supreme court this week.
Nederland geen belastingparadijs volgens Deloitte
- March 25, 2013 4:30 PM
Nederland is fiscaal aantrekkelijk voor ondernemingen, maar zeker geen belastingparadijs. Dit blijkt uit een onderzoek van Deloitte naar het fiscale vestigingsklimaat van Nederland onder 23 lidstaten van de EU en de OESO.
Telegraaf: St. Maarten has law that gives immunity to politicians
- March 25, 2013 1:40 PM
PHILIPSBURG – The national ordinance that regulates the prosecution of politicians has come under scrutiny again after a publication in the Telegraaf on Saturday with the headline: “Alarming study shows: corruption in St. Maarten hardly possible to fight”.
Asset-backed financings - discussion on LL corporate finance conference
- March 25, 2013 11:17 AM
As David Fenwick of Proskauer Rose LLP notes, throughout the world there is unprecedented demand for new capital formation for infrastructure projects, which are now recognised as key economic drivers. Indeed, the World Bank estimates that 20 per cent of the global company is directly project related, with the figure reaching 35 per cent in emerging economies.
Oud-premier Miguel Pourier overleden
- March 25, 2013 7:45 AM
WILLEMSTAD - De oud-premier van de Nederlandse Antillen, Miguel Pourier, stierf zaterdagnacht op 74-jarige leeftijd. Hij overleed in de nacht van zaterdag op zondag op Curaçao aan een herseninfarct. Hij was al enige tijd ernstig ziek.
Coping with a crisis - discussion on LL corporate finance conference
- March 23, 2013 11:10 AM
Don’t panic. It’s easier said than done, but for Fernando Merino, general counsel of CSN, the most important thing to remember if a crisis erupts in a company is to stay calm. Panicking will be your instant reaction, guarantees Merino, but a GC will quickly start to receive plenty of panicky calls from people across the company, including the CEO, so a clear head is essential.
Injunction against validity of Pelican Resort’s auction
- March 23, 2013 10:42 AM
PHILIPSBURG--Foundation Advocacy Pelican Resort and Club (Stichting Belangenbehartiging Pelican Resort and Club) and two individual time share owners from the United States filed an injunction last week Wednesday, against Quantum Investment Trust Ltd. (QIT), Simpson Bay Resort Owner Company B.V. (SBROC) and notary Henry Parisius concerning the validity of the public auction of the former timeshare hotel Pelican Resort on December 16, 2010.
CROSS BORDER CONVERSION AND MERGER (part 7)
- March 22, 2013 7:31 PM
The conversion of or into a foundation
If a foreign legal entity wants to be converted into a Curacao foundation (inbound) the Court in Curacao must grant consent (Section 2:303 subsection 2 of the Civil Code). I was unable to find any explanation of this in the Explanatory Memorandums of Book 2 of the Civil Code of 2003 and 2010.
Gevolmachtigde Minister Roderick Pieters aanwezig bij diploma-uitreiking Curaçaose jongeren
- March 22, 2013 4:56 PM
TILBURG - De Gevolmachtigde Minister van Curaçao was gisteravond aanwezig bij de diploma uitreiking van Traverse, een Brabantse stichting die zich specialiseert in het geven van een thuis in opvang en begeleiding aan onder andere Curaçaose jongeren.
Bezoek minister Donner aan de UNA
- March 22, 2013 2:09 PM
WILLEMSTAD - Op maandag 18 maart jl. bracht de heer mr. J.P.H. Donner, vice-president van de Raad van State (RvS) van het Koninkrijk een bezoek aan de UNA, in aanwezigheid van de secretaris van deze raad, mr. H. Visser en mevrouw M. Feersma MSc. van de Vertegenwoordiging van Nederland.
Senate delays change to Constitution for islands
- March 22, 2013 9:44 AM
THE HAGUE--The First Chamber of the Dutch Parliament decided on Tuesday to halt the handling of the change to the Constitution to formalise the constitutional status of the Dutch public entities Bonaire, St. Eustatius and Saba until after the 2015 general evaluation.
Police cite a ‘downward trend’ in crime for 2012
- March 22, 2013 8:27 AM
PHILIPSBURG--New measures to tackle crime such as the implementation of special police teams, community policing and improvement of response time at the police station have been cited by the police as the reason for a "downward trend" in crime in 2012 compared to 2011 and 2010.
UNA PAO cursus Verzekeringsrecht 10 april
- March 22, 2013 8:10 AM
WILLEMSTAD - Het verzekeringsrecht is per 1 januari 2012 ingrijpend gewijzigd. Mede daarom heeft de Faculteit der Rechtsgeleerdheid van de UNA twee specialisten op dit gebied uit Nederland gevraagd om over dit onderwerp een keuzevak te verzorgen.
Uitzending Zembla over milieuverontreiniging Isla Curacao
- March 21, 2013 5:53 PM
De Koninkrijksregering is juridisch bevoegd om in te grijpen bij de ernstige milieuverontreiniging die veroorzaakt wordt door de Isla olieraffinaderij op Curaçao. Dat stelt hoogleraar bestuursrecht Herman Bröring in ZEMBLA.