AJZ: Taking away the seat of a convicted politician legally difficult

From a democratic point of view, there ought to be little possibilities to end the mandate that an elected representative of the people had received from the voters, in a different way than through elections. It is otherwise an infringement of the democratically obtained mandate, says the General and Judicial Affairs department as a result of a convicted politician retaining his/her seat, as included in the new state settlement.

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Betrian pleads for diversification economy

The current financial crisis on the international market proves once again that the economy must not be dependent on just one sector, says Stanley Betrian, chairman of the Social Economic Council (SER).

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CDM does not acknowledge claim

In a reaction on the verdict in the case instituted by three Cuban dockworkers, Commissioner Eugène Rhuggenaath (PAR) said before TeleCuracao yesterday that the Curacao Dry-dock Company (CDM) does not acknowledge the 80 million dollar claim that an American judge imposed last Monday.

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Claim running into millions because of bottles of water

Liability with regard to broken off negotiations. That is what, in summary, the matter of Packers Provisions Curaçao (Kortijn Ice Company) against Aqualectra is about.

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Constitution and laws future Land

A two third majority is not obliged today for the Island Council to approve the constitution and the laws for the establishment of administrative and legal institutions of the future Land of Curaçao.

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Judge in Miami:CDM must pay $ 80 million

The claim by three Cuban dok workers who fled to America from Curaçao in 2005, was granted by a judge in Miami. The Curacaoan Dry Dock Company (CDM) has to pay 80 million dollars in damages to the three Cubans.

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Consequences credit crises minimum thanks to policy BNA

Even though the effects of the credit crisis are also notable at Fatum, the insurance company was spared from serious consequences, reassured the company her customers via a press release.

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Political Steering Committee in November

A Political Steering Committee will be held in St. Maarten before the Round Table Conference (RTC) of December 15, confirms Commissioner of Political Structure, Zita Jesus-Leito (PAR).

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SER must get an important part in the new state settlement

Stanley Betrian, chair of the Social Economic Council (SER), is of the opinion that the advisory body must play a prominent part in the new Land Curacao. He makes a case for including the SER in the state settlement, as a required advisory body of the future government of Land Curacao.

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Questions about BTP"s expenses

Why did the 2009 budgeted expenses and income for the Bureau Telecommunication and Post (BTP) increase this much? This was one of the questions that came up for discussion during the consideration of the National budget 2009 in the Central Committee of Parliament.

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BC adjusts state settlement under pressure public opinion

Under public pressure, the BC has carried through an adjustment of the state settlement for the future Land Curacao. The adjustment implies rules for convicted Parliament-members to step down when convicted by the judge.

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Delay profit tax disastrous for financial sector

The Curacao International Financial services Association (Cifa) says that further delay in the amendment of the National Ordinance Profit Tax is disastrous for the sector. There is still a long way to go to catch up with the lost time and get back in the top ten of international financial service center, says the Cifa.

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Also G7 and IMF go for deposit guarantee

Last week the G7 declared themselves openly in favour of ‘a strong and consistent guarantee regulation to keep the confidence of the savers’.

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Feasibility status Land be proved during the RTC"s

The next RTC’s must show whether it is feasible for St. Maarten and Curacao to get the status of land within the Kingdom. They are going to perform many duties independently.

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Henk Kamp (VVD) becomes BES representative for the Kingdom

VVD-Parliament-member Henk Kamp (56) becomes representative for the Kingdom for the BES-islands Bonaire, Saba, and St. Eustatius. Reliable sources in The Hague have confirmed this message of BNR Newsradio to press agent ANP today.

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Varied judicial support for arbitration creates uncertainty (IBA Conference update)

Although courts in many Latin American jurisdictions are broadly positive to arbitration, it is the occasional poor judicial decisions which erode investor confidence, said a panel at the IBA conference today.

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How "corporate" should law firms go?

When any law firm reaches a certain size, its partners are forced to consider more formal management styles. But when that tipping point is reached, how far towards a corporate structure should lawyers take their firms?

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Law Firm Suriname joins WSG

Lim A Po Law Firm has become a member of World Services Group (WSG) and is now the exclusive legal member for Suriname. Founded in 1937, the firm is currently the largest and most prestigious law firm in the country.

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Crisis unlikely to open legal market for banking work? (IBA conference update)

The crisis engulfing financial markets is impossible to predict, but tighter regulation seems inevitable - as does the ability of the leading law firms to continue bagging the work, agreed a panel at the IBA yesterday.

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Credit markets centre stage IBA Conference

With further repercussions of the sub-prime market unfolding daily and the effects of government rescue plans as yet unclear, lawyers analysed the collapse of the world's credit markets this morning in Buenos Aires.

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