Dutch Caribbean Legal Portal

WILLEMSTAD--The Committee for Financial Supervision CFT on Monday advised the Kingdom Council of Ministers to give an instruction to Curaçao to balance its budget.

WASHINGTON - The United States has instructed oil trading houses and refiners around the world to further cut dealings with Venezuela or face sanctions themselves, even if the trades are not prohibited by published U.S. sanctions, three sources familiar with the matter said.

WILLEMSTAD--Liberty Latin America (LLA), a spin-off unit of Liberty Global focused on Latin America and the Caribbean, has made a deal to acquire 87.5 per cent of Curacao-based United Telecommunication Services (UTS), confirming recent reports.

LISBON - Maritime contractor Bernhard Schulte Ship management (BSM) is considering to stop managing Venezuelan state-oil company PDVSA’s tankers by the end of this month or in April following U.S. sanctions against the country, BSM said on Thursday.

UNITES STATES/CARACAS - The top U.S. buyers of Venezuelan oil are in the unusual position of trying to return millions of barrels of crude they need but cannot accept because of U.S. sanctions on the South American nation and its state-run energy firm PDVSA.

CARACAS - Plans by the German operator of a portion of the Venezuelan state oil company’s tanker fleet to return 10 vessels because of unpaid fees prompted a unit of state-run PDVSA on Tuesday to declare a maritime emergency, according to a document from the state-run firm and sources.

ROTTERDAM/WILLEMSTAD - Count, het handels- en logistieke bedrijf van de Rotterdamse investeerder Peter Goedvolk, heeft opnieuw interesse in het exploiteren en beheren van de olieraffinaderij Isla op Curaçao.

WILLEMSTAD- A Curacao refinery has received a court order requiring shippers to discharge a cargo of Venezuelan oil seized by maritime companies due to debts owned by Venezuela’s state-run company PDVSA, Refineria di Korsou said in a statement on Monday.

ORANJESTAD - Aruba is asking the United States to lift financial sanctions blocking a Citgo Petroleum Corp oil refinery from financing an overhaul project, which has led to job cuts on the Caribbean island, the nation’s prime minister said on Monday.

PHILIPSBURG--St. Maarten has to make its decision on the sale of United Telecommunications Services (UTS) soon and sell its minority shares at the same time as Curaçao, or risk having its shares diluted.

ORANJESTAD - The 209,000-barrel-per-day Aruba refinery, operated by a unit of U.S. Citgo Petroleum, is putting a $685 million refurbishment on hold due to sanctions imposed on Venezuela by the United States last month, the company said on Monday.

WILLEMSTAD– Zakenman Michael Rocke in Trinidad is de partij die in partnership met Tilgent Capital Trust in Florida het noodlijdende Insel Air op Curaçao wil overnemen.

AMSTERDAM / WILLEMSTAD - Private-equitymaatschappij Blackstone heeft zijn aandelen in trustkantoor Intertrust INTER€15,96+1,85% verkocht. Dat heeft Intertrust woensdag voorbeurs bekendgemaakt.

CARACAS – Venezuelan opposition leader and self-proclaimed president Juan Guaido ordered congress on Monday to appoint new boards of directors to state oil company PDVSA and U.S. subsidiary Citgo, shortly before the United States imposed sanctions on the firm.

WILLEMSTAD - Curacao refinery’s supervising board has proposed firing the facility’s director, Roderick van Kwartel, following a corruption probe related to the selection of a new operating company, the board said on Friday.

WILLEMSTAD - The selection of a new, short-term operator for Curacao’s Isla refinery has been put on hold due to an investigation of corruption allegations in the tendering process, officials said last week.

ORANJESTAD - Vanaf 15 januari 2019 ligt het concept van het ruimtelijk ontwikkelingsplan voor Aruba ter inzage. Het ROP bestaat uit een plan en een toelichting met een (beleids)plankaart.

WILLEMSTAD - The judge in Curaçao did not approve the InselAir creditors' agreement. the reason for this is that according to the judge its fulfilment is not sufficiently assured,.

KINGSTON, Jamaica – The Government is reiterating its commitment to safeguarding the country’s energy security and assures that it has made the right decision to retake ownership of the 49 per cent shares in Petrojam held by the Venezuelan state-owned oil and natural gas company, PDV Caribe.

Voortgang herstructurering ENNIA

Willemstad/Philipsburg – De afgelopen dagen zijn in diverse media berichten verschenen die een onjuist beeld schetsen van de situatie van ENNIA.