"LEGISLATION ON OIL EXPLORATION AND PRODUCTION IN THE DUTCH CARIBBEAN"

There is an increasing interest of International companies to explore and extract natural gas and petroleum in parts of the Caribbean sea area where Curaçao and Bonaire are situated. This is a positive development as this could give the economies of the Dutch Caribbean a significant boost and add to the worlds proven reserves.

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Land Registry liable for damages in "mortgage right"-case

The parties, which are involved with the long-term case on mortgage right, have not held any further conversations yet on the consequences of a recent verdict by the judge.
In this verdict, the island Curaçao and the Land Registry were deemed responsible for the possible damage of the other parties, namely the Maduro & Curiel’s Bank (MCB), the ‘Spaar en Beleenbank’ Curaçao (SBC), and another unspecified owner of a lot on the island.

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Civil-law notary, Land Register and Island Territory of Curacao held liable

On 25 May 2009, the Court of First Instance held a civil-law notary, the land register and the Island Territory liable for the incorrect registration of a mortgaged parcel of land. This judgment brings an end for now to liability proceedings that started four years ago.

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Clifford Chance Slims Down With Nearly 50 Partners Gone Since March

Clifford Chance has seen the departure of nearly 50 partners since the beginning of March, it has emerged. London and New York have been most affected by the exits, which include normal retirements and those choosing to leave as well as those affected by its partner restructuring.

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Judge forces government to come up with a new decision on telecommunication

PHILIPSBURG — The Court of First Instance recently judged that the government of the Netherlands Antilles must come up with a new decision regarding the request for a telecommunication licence of Corporate Innovations NV.

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A step in the wrong direction

A proposed new Venezuelan law imposing further government supervision of arbitration would be a significant step away from international best practice, argues Hernando Díaz-Candia of Squire Sanders & Dempsey SC in Caracas.

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Magic Circle opgeschud: Linklaters nieuwe aanvoerder

The Magic Circle, het illustere rijtje van vijf Britse topkantoren, is door de wereldwijde economische crisis flink opgeschud. Clifford Chance, traditioneel lijstaanvoerder naar omzet (sinds 2006), is links en rechts ingehaald door Freshfields en Linklaters. Individuele partners van CC leverden ook flink in. De jaren van groei in de dubbele cijfers zijn over.

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New civil notary St. Maarten

Philipsburg - Civil notary office SPS, formerly known as Schaepman en Speetjens, will officially open its new Cole Bay branch office next friday June 26. Also Mr. Henry Parisius will be sworn in as a civil notary of SPS.

BES Law developments

Bonaire, St. Eustatius and Saba (BES)

Within a couple of years, the BES Islands, as public entities, will be part of the country of the Netherlands in the framework of the political restructuring in the Kingdom of the Netherlands. The US dollar will be introduced as the new currency in the BES Islands. Curacao and St. Maarten will each become a country within the Kingdom of the Netherlands and have their own legislation and regulations.

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Fung-A-Loi new notary

Fanny Fung-A-Loi will be the civil law notary who takes over the office of Marcel van der Plank. She will be sworn in next friday. Civil law notaries Burgers and Fung-A-Loi will work together as of June 29 in a partnership. The office will be named ‘Burgers & Fung-A-Loi Civil law notaries’. The office will be a general notary practice and be specialised in corporate law, real estate law and mortgages (both mortgage deeds as public auctions).

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BES-Recht

Bonaire, St. Eustatius en Saba (BES)

De BES-eilanden zullen in het kader van de staatkundige hervormingen in het Koninkrijk der Nederlanden binnen enkele jaren als openbare lichamen onderdeel gaan uitmaken van het land Nederland. Op de BES-eilanden zal de US Dollar als nieuwe valuta worden ingevoerd. Curacao en Sint Maarten worden ieder een land binnen het Koninkrijk der Nederlanden met elk hun eigen wet- en regelgeving.

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No rights for gay-couples

ORANJESTAD/WILLEMSTAD –– A lesbian couple married in the Netherlands may not publicly derive rights from their marital state. The Joint Court of Justice of the Netherlands Antilles and Aruba determined this in appeal, in spite of a previous verdict of the Supreme Court, that the gay-marriage is lawful in the entire Kingdom.

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Highest advisory councils of the Kingdom of the Netherlands meet in the Dutch Caribbean

WILLEMSTAD/ORANJESTAD – The highest advisory councils of the Kingdom recently met in the Dutch Caribbean. The Council of State of the Kingdom, the Advisory Council of the Netherlands Antilles, and the Advisory Council of Aruba visited prime-minister Nelso Oduber (MEP) on Friday.

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Facebook's Imminent 'Username' Registration Raises Risks of Cybersquatting

Lawyers advise trademark owners to register in advance - The clock is ticking for companies that want to protect their trademark on Facebook, warn intellectual property lawyers.

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"Not a tax-paradise, but an investment-paradise"

The new Country Curaçao should not become a tax paradise, but a paradise for investors. This was the main message in the speech held by Bryan Irausquin, Chairman of the Curaçao International Financial Services Association Sector (Cifa), during the Fatum Pension- and Business-Day yesterday. During his speech, Irausquin presented his vision for the future of the financial sector on Curaçao.

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Facebook: personalized URLs and trademark protection

On 11 June 2009 the International Trademark Association informed its members on upcoming developments regarding the use of trademarks on social networking websites.

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Columbus secures license

Columbus Networks Curaçao secured its licence for international telephony and internet. On June 1st, the Council of Ministers agreed with the issuance of the licence. Telecom-minister Maurice Adriaens (FOL) expects that due to Columbus joining the Curaçao market, the internet rates will, in time, drastically decrease on Curaçao.

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Tax treaty Aruba with Canada

ORANJESTAD — The Internal Revenue Service of Aruba reached an agreement with Canada on a tax treaty between both countries. At the end of May, the Internal Revenue Service SIAD welcomed a delegation from Canada to discuss this so-called Tax Information Exchange Agreement (TIEA).

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Grey skies in the Caribbean

The seas round the Cayman Islands may be blue, the sand white and the coral reefs a rainbow, but to the OECD, an economic group of rich countries, the Cayman Islands are grey. On May 14th the OECD ruled to keep the British colony on its list of unco-operative tax havens.

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BZSE largest law firm on Sint Maarten

As per the 1 January 2009 the law offices Bergman Bloem & Bergman (BBB) and ZwanikkenSnowEssed (ZSE) - have merged. The new firm is called BergmanZwanikkenSnowEssed (BZSE). With this merger BZSE has become the largest law firm on the Dutch side of St. Maarten.

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