Dutch Caribbean Legal Portal
NEWSLETTER
Tensions financial sector Venezuela do not affect Curaçao directly
- December 14, 2009 4:27 AM
WILLEMSTAD/CARACAS — It is difficult to verify what is actually going on in the Venezuelan financial sector. President Hugo Chávez is unpredictable in his acting and it is a continuous anticipation as to which decision he will take.
THE INCORPORATION OF A NETHERLANDS CARIBBEAN LIMITED LIABILITY COMPANY
- December 14, 2009 4:21 AM
Incorporating an NV or BV is not a hassle
The act on corporate law (Book 2 Netherlands Antilles Civil Code) governs the NV (‘public limited liability company’) and BV (‘private limited liability company’).
THE CUSTODY OF SECURITIES IN THE NETHERLANDS CARIBBEAN
- December 07, 2009 6:20 AM
Separate legal entity
Generally, securities that must be held by a Netherlands Antilles bank on behalf of its clients will be held by a custodian. In most cases the custodian is either a foundation (‘stichting’) or a wholly owned subsidiary (NV or BV) of the bank.
Car dealer declared bankrupt
- December 07, 2009 6:10 AM
The outstanding debt of Tauro Auto Center N.V. (the “Company”), recently declared bankrupt by the Court, amounted to 8 million guilders at a certain point in time.
Administrators do not apply good governance
- December 03, 2009 11:58 AM
The introduction of the Code Corporate Governance is a step in the right direction, according to the Business Association of Curaçao (VBC), which simultaneously concludes that administrators and parliamentarians themselves insufficiently implement the objectives of this code, namely stimulating the administrative integrity and financial transparency.
Former VROM head faces jail time
- December 03, 2009 10:35 AM
PHILIPSBURG--Although it was not allowed as evidence Wednesday in the trial of former Department of Environmental Development and Property Management VROM head Delano Richardson, the government accountants bureau SOAB final report on the issuance of building permits constantly “hovered” over this case dealing with the alleged criminal behaviour of a former department head.
New Board Bar Association
- December 03, 2009 4:16 AM
In the Annual Meeting of the Curacao Bar Association Mr Cindy de la Fuente (lawyer at HBN Law) has been elected as secretary. She is the successor of Mr Daniel Zahavi, who was a board member for five years.
NETHERLANDS CARIBBEAN BANK N.V. IN LIQUIDATION
- December 02, 2009 3:03 PM
Notice of Filing Final Account
NETHERLANDS CARIBBEAN BANKS AND REGULATORY ISSUES
- November 30, 2009 5:55 AM
A bank has less freedom than an ordinary legal entity
What would be the requirements, from a regulatory point of view, if a Netherlands Antilles bank wished to sell its entire business or a substantial part thereof? Would it require approval from the Netherlands Antilles Central Bank (de ‘Bank van de Nederlandse Antillen’)?
Biomet hopes to arrange dispute with IRS soon
- November 26, 2009 6:00 AM
Bertie Braam, the lawyer of the prosthesis-importing company, estimates that the garnishment order served on Biomet Curaçao will actually amount to approx. 500.000 guilders. The IRS has served a garnishment order on the Taams Clinic and on the St. Elisabeth Hospital (Sehos).
Members of the Court
- November 26, 2009 5:42 AM
The Council of Ministers for the Kingdom has agreed to the proposal of state secretary Ank Bijleveld-Schouten (Kingdom Affairs, CDA) to nominate M. Schoemaker and M. de Kort for appointment as ad interim member of the Joint Court of Justice of the Netherlands Antilles and Aruba.
BES official will obtain tailor-made pension system
- November 26, 2009 4:14 AM
In the light of the new political status of the island Bonaire, Saba and Statia (BES islands), the House of Representatives in The Netherlands will consider a new tailor-made pension system by the name of “Stichting BES pensioenfonds”.
Third Bankruptcy Report - Lehman Brothers Securities N.V.
- November 26, 2009 4:14 AM
The bankruptcy trustee of Lehman Brothers Securities N.V. – Mr. Michiel R.B. Gorsira – has published the third bankruptcy report regarding the insolvency of Lehman Brothers Securities N.V.
HELP MAKE CURACAO ABLED
- November 24, 2009 3:02 AM
The Laura and Wagner Foundation Fundraising Evening
On Thursday December 3, 2009, the Laura and Wagner Foundation are holding a fundraising evening at the Netherlands Antilles Central Bank.
THE DUTCH CARIBBEAN AND ITS CIVIL LAW SYSTEM
- November 24, 2009 2:56 AM
Abstract rules are the starting point
The Netherlands Antilles are an autonomous part of the Kingdom of the Netherlands. The Kingdom of the Netherlands is composed of three parts: the Kingdom in Europe (popularly known as Holland, north of Belgium and west of Germany), the Netherlands Antilles (in the Caribbean Sea, north of Venezuela), and Aruba (also in the Caribbean Sea, north of Venezuela).
Day of the Supervisory Board 2009
- November 23, 2009 6:41 AM
During the fourth “Day of the Supervisory Board”, organized by The Galan Group Netherlands Antilles and Aruba together with VanEps Kunneman VanDoorne, several aspects relating to good corporate governance will be discussed. The subject of the day is: “It’s not only the rules and regulations. It’s also the way people work together.”
"Isla should not be allowed to continue to cause damage"
- November 16, 2009 7:09 AM
“The residents have experienced the dangers of an improper procedure with the cat cracker – which Isla by the way had also mentioned in their appeal – two weeks ago, when they had been overtaken by an emission of poisonous white dust again.”
Professor Jan Reijntjes: language in Court often chaotic
- November 16, 2009 7:06 AM
In the court rooms in Willemstad in a criminal case often two or even three languages are spoken: Dutch, Papiamentu, and , in case of a foreign suspect, also Spanish or English. According to professor Jan Reijntjes of the faculty of Law of the University of the Netherlands Antilles the official language in Court is often chaotic.
Military member of the Court
- November 16, 2009 6:58 AM
Since yesterday the military chamber of the Joint Court of Justice has a new member: Deputy Commander Naval Forces Caribbean, Ltz. I Jeroen van Zaalen was sworn in as a military member.
THE ARTICLES OF ASSOCIATION OF A DUTCH CARIBBEAN LEGAL ENTITY (III)
- November 16, 2009 6:19 AM
Case law the principle of good faith
A legal entity and all involved in its organization have a legal duty to behave towards each in accordance with the principles of reasonableness and fairness, i.e. (objective) good faith.