FirstCaribbean closes deal with Pristine Estates N.V.

FirstCaribbean Corporate Banking Curacao has successfully closed a landmark US$45 million refinancing transaction with Pristine Estates N.V. The company owns the 612-room 3.5 star Holiday Inn Resort and Casino in Aruba.

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Deputy comments on critical advice of Council of State about assignment authority

The advice of the Council of State (Raad van State), with serious comments on the procedure, necessity and expected effectiveness of the assignment authority of The Kingdom of the Netherlands Minister of Justice for the local Attorney-General, was received with great acclaim by the negotiators in the constitutional process.

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Comments of the Council of State (Raad van State) regarding assignment authority

The Council of State has serious comments regarding procedure, necessity and expected effectiveness of the assignment authority of the (Dutch) Minister of Justice for the local Attorney-General, states a well-informed source.

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Het referendum op CuraƧao

Geschreven door Eric R. de Vries

maandag, 16 maart 2009

Op 15 mei 2009 wordt er op Curaçao een referendum gehouden. De inzet: goed- of afkeuring van het bereikte politieke resultaat waarmee Curaçao een land wordt in het Koninkrijk der Nederlanden.

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Memorandum on professional confidentiality and the right to silence

At the request of the Dutch Bar association Prof.Mr. F.A.W. Bannier has written a memorandum on the nature and range of the professional confidentiality and the right to silence. You can read this memorandum here.

Informative campaign

In a series of information pages the Government is informing the public on the constitutional future of Curacao. Here you can read these information pages.

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Law on maritime borders passed

Philipsburg - The consensus-statute law on maritime borders was unanimously passed last Monday. This law lays down the borders of the future countries St. Maarten and Curacao, and those of the BES-islands (Bonaire, St. Eustatius, and Saba).

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Law firms in the Netherlands Antilles and Aruba give legal assistance to victims in Stanford fraud

US billionaire Allen Stanford has been accused of fraud by the US Securities and Exchange Commission (SEC). According to the SEC, Stanford International Bank domiciled on the island of Antigua sold roughly $8 Billion of “so-called” ‘certificates of deposit’ to investors by promising improbable and unsubstantiated high interest rates.

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Stanford Bank fallout touches the Antilles

PHILIPSBURG--The ripple effects of the “massive ongoing fraud” charges against Texan billionaire Allen Stanford are seeping into the Netherlands Antilles where several people and businesses have invested in Stanford International Bank.

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Buncamper-Molanus talks to the financial sector of Curacao

Commissioner of Economic Affairs of St. Maarten, Maria Buncamper-Molanus, visited Curacao this week, where together with a team of advisors, she looked at the financial services sector. The delegation had a meeting with among others the director of Curaçao International Financial Services Association (Cifa), Lionel Anthony, who is also associated with LAconsult.

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Interview with Eric de Vries in dutch magazine Mr.

Inleiding: "De steeds verdergaande specialisatie van advocaten op grote kantoren is hem een doorn in het oog. Evenals de trage wetgeving in Nederland. Eric de Vries, advocaat op Curaçao, betoont zich regelmatig kritisch over het rechtsleven in Nederland. Tijd voor een nadere kennismaking."

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Council of Ministers agrees with Statute Law Police

The Council of Minister for the Kingdom has agreed with the consensus-statute law Police of Curaçao, St. Maarten and the BES-islands (Bonaire, St. Eustatius, and Saba) and with the Statute Law Council for the maintenance of law and order.  Both bills will now be sent to the State Council for the Kingdom for advice.

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Judgment Churandy deferred

Judgment in the matter that the Antillean sprinter Churandy Martina had instituted with the International Sports Court of Justice in Lausanne, has again been postponed. The Court of Justice will now render judgement on 13 March. Director Remco Tevreden of the Netherlands Antillean Olympic Committee (Naoc) couldn't say what the exact reason for this new postponement was.

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Columbus takes Government of the Netherlands Antilles to Court

Telecom-minister Maurice Adriaens (FOL) indicated that Columbus Networks Curaçao has instituted legal proceedings against the Government of the Netherlands Antilles. She did this to force the issuing of a new concession for international telephony and internet in Curacao. The Government has obtained a period of three weeks to argue why there is no response yet on the petition that was submitted by Columbus already in 2007.

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Warning against counterfeit

In January 2009, VanEps Kunneman VanDoorne published an advertisement in several local newspapers announcing, on behalf of American Eagle Outfitters (‘AEO’) that anyone selling, offering for sale, stocking, or otherwise handling counterfeit products bearing any trademarks from AEO may risk legal action.

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Appointments Joint Court of Appeal

The Council of Ministers for the Kingdom has agreed today to nominate C.F. Mewe (43) and J. Röben (62) for appointment as respectively member and ad interim member of the Joint Court of Appeal of the Netherlands Antilles and Aruba.

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Lai Promes new registrar of Parliament

Desiree Lai-Promes (45) was elected by Parliament as the new registrar of the national parliament. Lai Promes was appointed as substitute-registrar in February of 2006 and was the official registrar since August.

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Letter Underminister

Here you can read copy of the complete letter of the Dutch State Secretary, Ank Bijleveld-Schouten, in charge of Kingdom relations, recently sent to the Dutch Parliament in relation to the debt of the Netherlands Antilles and the settlement thereof by the Netherlands.

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Council approves the concepts of the consensus-statute laws

The Island Council has approved the concepts consensus-statute laws Financial Supervision and Police Curaçao, St. Maarten, and Bonaire, St. Eustatius, and Saba in a debate that lasted for hours and gives a look ahead at the coming campaign on the way to the referendum to be held on the political future of Curacao.

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On the way to the Land Curacao

For more than a year the island of Curacao, now part of the Netherlands Antilles, is preparing itself for an autonomous status within the Kingdom of the Netherlands. In the weeks to come the government of the Netherlands Antilles will be informing the public on the relevant agreements between the partners in the Kingdom on this issue and the underlying reasons to enter into such agreements. Because soon (expected already in April 2009) a referendum will be held. This first information page is an introduction of the Kingdom agreements on the constitutional future of Curaçao.

Voorlichtingsadvertentie 10 februari

For more information on the referendum, also read our news on the presentation of two Harvard law students on this subject (www.curacaolegalportal.com).

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