Aruba and St. Maarten solidify relationship

THE HAGUE--St. Maarten and Aruba have solidified their bonds as countries in the Dutch Kingdom. A St. Maarten flag was placed at the Aruba House Wednesday and the islands promised full cooperation in their actions in the Netherlands.

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Book "Toezicht trustkantoren in Nederland"

Recently the second edition of the book ‘Toezicht trustkantoren in Nederland‘ has been published. The book has been written by lawyers Karel Frielink (Spigthoff Curaçao) and Michiel van Eersel (Spigthoff Amsterdam).

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Tromp: Accountability, transparency essential for growth of new countries

An accountable and transparent government is an important milestone on the path to creating the most prosperous and productive economies –economies that allow individuals, businesses, and governments to create the highest possible standard of living for the largest possible number of people.

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Venezuela alleges violation of Foreign Investment Treaty with Dutch Kingdom

On April 22 2008, the Netherlands-Antilles national newspaper “Antilliaans Dagblad” carried an article regarding oil multinationals allegedly abusing a Netherlands-Venezuela bilateral investment treaty by conducting their Venezuelan operations trough Dutch subsidiaries.

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Venezuelan Foreign Investment Treaty Protection Through Netherlands Antilles

Venezuela is lately in the news in relation to its (intended) nationalization of foreign owned assets. In view of this, it is of interest to realize that Venezuela has signed 15 bilateral investment treaties (Argentina, Barbados, Canada, Chili, Tjecho Republic, Denmark, Ecuador, Germany, Italy, Lithuania, The Netherlands, Portugal, Spain, Switzerland and the United Kingdom).

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Exxon reduces PDVSA claim by US$5 billion

ExxonMobil has reduced its compensation claim from US$12 billion to US$7 billion in its ICC arbitration proceeding against PDVSA over the nationalisation of oil assets in the Orinoco belt.

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INQUIRY PROCEDURE TO BE INTRODUCED IN THE DUTCH CARIBBEAN

The Joint Court will become the forum of choice for corporate disputes

Earlier in 2010, a draft bill was proposed to amend the Corporate Code (Book 2 Civil Code) of Curacao, St. Maarten, Bonaire, St. Eustatius and Saba (which formerly constituted the Netherlands Antilles).

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THE MANAGEMENT BOARD OF A DUTCH CARIBBEAN LEGAL ENTITY

The management board is responsible for the day-to-day affairs

The management board has the function of managing the legal entity, i.e., making policy and conducting the day-to-day management of such legal entity (NV, BV, Foundation or Association).

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Bonaire law firm expands further

The branch of law firm VanEps Kunneman VanDoorne in Bonaire grows considerably.

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PTO, European Patent Office Team Up on Classification System

The latest U.S. Patent and Trademark Office innovation is a deal to work with the European Patent Office on a joint patent classification system aligned with global standards.

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Mediation StIP failed

An attemp of the judge to get the parties involved in the dismissal of the two board members of privatization institute StIP around the table, failed.

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Study Confirms It: Law Departments Cut Outside Counsel Spending in 2008-2009

For the first time in 10 years, in-house legal departments have reduced their overall legal spending, according to survey results released Tuesday by Hildebrandt Baker Robbins.

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Law Entry and Deportation starts at zero


KRALENDIJK — On 10-10-’10, the clock for entry and deportation started at zero now that the islands Bonaire, St. Eustatius and Saba became public bodies of the Netherlands on that date.

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Koeiman wants pregnancy law approved ASAP

Minister Hensley Koeiman (Social Development and Welfare, MAN) intends to get the so-called pregnancy law approved as quick as possible.

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Central Bank of CuraƧao and St. Maarten

Now that the Netherlands Antilles has been disolved on the 10th of October and Curaçao and St. Maarten have thereafter formed a monetary union, the Bank of the Netherlands Antilles has become the Central Bank of Curaçao and St. Maarten, and also the successor of the bank.

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Venezuelan investors reported with OM

The Venezuelan lawyer Carlos Ramirez Lopez filed a report yesterday afternoon with the Public Prosecutor on fraud by local politicians with the sale of a terrain at the Caracasbaai to a Venezuelan investment group.

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School board loses case against Aqualectra

The “Stichting Rooms-Katholiek Centraal Schoolbestuur” (RKCS) (Foundation Roman Catholic Central School Board) lost lengthy legal proceedings against public utility company Aqualectra yesterday.

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Caribbean guilder also tied to dollar

Now that the Netherlands Antilles has been dismantled, Curaçao and St. Maarten have formed a monetary union and the Central Bank of the Netherlands Antilles has become the Central Bank of Curaçao and St. Maarten.

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Gois and Emerenciana demand reversal of dismissal

Joel da Silva Gois and Henri Emerenciana demand reversal of their dismissal as board members of the privatization institute StIP.

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Fine for trust office

Capital Trust Corporation (CTC) must pay the Central Bank (BNA) a 75,000-guilder fine. This was decided last Monday by the judge in a case instituted by the BNA.

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