Karel Frielink President of Curaçao Bar Association

At the Curaçao Bar Association’s annual meeting held on 12 December 2008, Karel Frielink (Spigthoff) was formally elected to serve as President of the Curaçao Bar Association for a two year-term. He is the successor of Eric de Vries (HBN).

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VBC on price action

The Business Association of Curacao (VBC) finds it ‘short-minded’ when administrators and politicians expect the private sector to lower their prices of goods and services, because the oil products are constantly becoming cheaper on the international market.

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Taxi union wins her case

The judge has put taxi-union Sinusta in the right against Sunny Adventure Tours.  This agency may not pick up tourists from the airport and transfer them to their hotel or elsewhere, because only taxis are allowed to do this, according to the LAW Public Transportation.

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Telegraaf wins case about distribution on ABC islands

De Telegraaf recently won legal proceedings instituted against the publishing house in Amsterdam. Hans Kroeze and Karin Wooning, living in Curaçao, believed after De Telegraaf broke off the negotiations, to already have an agreement with the Dutch newspaper. Notably to print De Telegraaf in Curaçao and to distribute the newspaper in Curaçao and later also to distribute it in Aruba and Bonaire.

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Lawbook change at Advisory Council

The concept-amendment of the Criminal Code was just two weeks ago delivered to the Advisory Council (Raad van Advies), two years after it was presented to Justice-minister David Dick (PAR), says Vice-chairman Frank Kunneman on being asked.

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Churandy-case on January 15

The Courts of Arbitration for Sports (CAS) has again adjourned the hearing of Churandy Martina’s disqualification on the Olympic 200 meter. The hearing in the Swiss Lausanne will now take place on January 15, 2009.

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Columbus is tired of waiting for concession

International cable company Columbus is threatening with legal proceedings if his request for a concession for its subsidiary Columbus Networks Curaçao for international telephony and internet is faced with more delays. According to Telecom-minister Maurice Adriaens (FOL), the international company doesn’t understand why his request that was submitted last year has still not been dealt with.

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THE DUTCH CARIBBEAN AND OECD STANDARDS OF TRANSPARANCY AND EXCHANGE OF INFORMATION

OECD Secretary-General compliments the Netherlands Antilles and Aruba

In his speech on 21 October 2008, OECD Secretary-General Angel Gurría, addressed the issue of transparency and exchange of tax information in relation to offshore jurisdictions.

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DUTCH CARIBBEAN REGULATORY FRAMEWORK - Central Bank monitors compliance

The regulatory rules and regulations in the Netherlands Antilles deal with credit institutions, investment institutions and administrators, insurers and insurance brokers, company pension funds, trust service providers, capital markets, anti-money laundering and identification, and foreign exchange control and license fees.

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A new securities exchange in Curaçao?

In order to provide the international financial markets with better services, the financial industry of Curaçao is currently working on the formalization of a new securities exchange. A new securities exchange does not only have domestic benefits for Curaçao but it also makes it possible for Curaçao to provide a broader spectrum of financial services to the international markets than is presently the case.

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203 Million euro debt restructuring on an allocation account

“Now that the Order in Council for the Kingdom (AMvRB) Financial Supervision is settled, the Netherlands is keeping her promise by depositing 203 million euro in a Bank of the Netherlands Antilles (BNA) allocation account on behalf of the payment arrears”, says the Dutch finance-minister Wouter Bos (PvdA) in a letter dated November 28 to the Lower House about the 2008 Budget.

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Political nominations possible in the state settlement

The General Audit Office Netherlands Antilles (Arna) has ‘serious objections’ against the stipulation in article 67 of the concept-state settlement that was copied from the Dutch constitution.

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Back to prison-term for drug couriers

Drug couriers are sentenced to prison-term again now that their passports may no longer be seized.  The Supreme Court decided last week that the ban on travel cannot be imposed, because it is not included in the Antillean legislation.  The couriers that had to appear in the every two weeks Hato-session yesterday were therefore given their passports back afterwards.

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Amerikaanse advocatenkantoren in zwaar weer

De financiële crisis raakt de zakelijke dienstverlening. Bij Amerikaanse advocatenkantoren vallen nu al veel ontslagen vanwege teruglopend werk. De verwachte toename van het aantal class actions en andere aansprakelijkheidszaken blijft daarentegen nog even uit.

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Yes We Can

Geschreven door Eric R. de Vries

maandag, 5 november 2008

"Yes we can" zijn de woorden die de verkiezingscampagne van de nieuwe president van de Verenigde Staten van Amerika het best omschrijven. Op 4 november 2008 behaalde hij een historische landslide overwinning in de presidentsverkiezing, en daarmee luidt hij een nieuw tijdperk in. Een tijdperk waarin zelfs het eeuwenlang door racisme geteisterde machtigste land ter wereld koos voor verandering en een betere toekomst, zonder vooroordelen, zonder doorslaggevende betekenis toe te kennen aan de toevallige huidskleur van hun nieuwe president.

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MASS LAY-OFF UNDER THE LAWS OF THE DUTCH CARIBBEAN

The termination of the employment contracts of more than 25 employees or of 25% or more of the employees of a company is considered a mass lay-off. For such a mass lay-off permission is required from the Director of the Department of Labor and Social Affairs irrespective of the nature of the company’s activities.

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The APNA is subject to supervision

The General Pension Fund of the Netherlands Antilles (‘Algemeen Pensioenfonds van de Nederlandse Antillen’; the “APNA”) is governed by its own State Ordinance (‘Landsverordening Algemeen Pensioenfonds van de Nederlandse Antillen’; “SOAPNA”).

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Purpose budget is to retain the confidence

The purpose of the concept-budget 2009 is to retain the regained confidence in Curacao, said Finance-commissioner Mike Willem ((PAR) this morning at the opening of the consideration of the Island-budget 2009. The opposition didn’t agree with Willem’s statement and criticized the concept strongly.

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Antilles also part of EU-data center shipping

In consultation with the Netherlands Antilles and Aruba as members of the Countries and Territories Overseas of the EU (LGO), the Netherlands has presented them for participation in the European LRIT-datacenter. LRIT is a worldwide identification- and localization system for shipping that is required since 2008.

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Caribbean bank to yield £200m after unpaid Vat fraud probe

Financial sleuths acting for British taxpayers have won the legal right to recover an estimated £200m in unpaid Vat which is sitting in a Caribbean bank at the centre of an international fraud inquiry. The decision nine days ago by a judge in the Netherlands Antilles island of Curaçao will affect hundreds of British companies that had set up online accounts with the offshore bank to trade in hi-tech goods.

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