Dutch Caribbean Legal Portal

ORANJESTAD - Fitch Ratings on ARuba says that the rating outlook has been revised form stable to negative.

PHILIPSBURG--Government is currently working on securing refinancing options for small entrepreneurs in the country such as taxis, small sole proprietors, mom-and-pop shops, etc.

CARACAS - Venezuela has arrested the former refining boss of state oil company PDVSA for alleged corruption, two sources told the news agency Reuters on Monday, extending a crackdown on the OPEC nation’s ailing oil sector.

CARACAS - De Venezolaanse staatsoliemaatschappij PdVSA beschuldigt oliehandelsbedrijven Trafigura, Vitol en Glencore van betaling van miljoenen dollars aan steekpenningen.

PHILIPSBURG - The annual meeting of the entitled asset holders of the Central Bank of Curaçao and St. Maarten (CBCS) was held in St. Maarten on Wednesday.

WILLEMSTAD - Het interim-management van Insel Air International werkt aan een alternatief reorganisatieplan om met een aanzienlijk lagere financiering dan de eerdere voorziene 5 miljoen dollar voort te kunnen.

WILLEMSTAD, ORANJESTAD – The Venezuelan National Institute of Civil Aviation (INAC) implemented a complete blockade between Venezuela and the ABC Islands, Aruba, Bonaire and Curaçao.

PHILIPSBURG –The rebuilding of Hurricane Irma-damaged Princess Juliana International Airport (PJIA), one of the island’s main ports of entry and sub-hub for the Northeastern Caribbean, is stalled due to NAGICO Insurances’ refusal to swiftly assess and honour in full the airport’s multi-million-dollar insurance claim.

CARACAS - Venezuelan PDVSA’s refineries will operate at 43 percent of their total capacity in March due to a lack of spare parts, light crude and feedstock, according to an internal document from the state-run firm seen by Reuters on Wednesday.

ING wordt verdacht van vier witwas- en corruptiezaken. De bank kan vervolging voorkomen door het OM inzage te geven in toekomstige integriteitsrisico’s.

CARACAS - De financiële problemen van het Venezolaanse oliebedrijf Petróleos de Venezuela (PdVSA) zijn zo groot dat de modernisering van de raffinaderij op Aruba door dochterbedrijf Citgo is vertraagd.

ORANJESTAD - The Aruba government said on Thursday it started talks with the United States after Houston-based firm Citgo Petroleum slowed work on an overhaul of the Caribbean island’s 235,000-barrel-per-day refinery due to a lack of credit.

CARACAS, Venezuela – Venezuela has formally launched its new oil-backed cryptocurrency, the Petro, as it seeks to pull itself out of economic crisis.

HOUSTON / ORANJESTAD - Houston-based Citgo Petroleum has slowed work on an overhaul of its 235,000-barrel-per-day Aruba refinery due to a lack of financing stemming from U.S. sanctions on Venezuela’s state-run PDVSA, the refining firm said.

PARAMARIBO - De regering bestudeert het bod van Staatsolie om het belang van de Staat in de goudoperaties te Merian in het Patamaccagebied over te nemen. Hoeveel de oliemaatschappij heeft geboden, wordt niet prijsgegeven.

PHILIPSBURG--A General Audit Chamber investigation into the Crime Prevention Fund has revealed “a lack of legal compliance, inadequate financial management, and a Minister of Justice who is not ‘in control.”

CARACAS - Venezuela’s state oil firm PDVSA has resumed crude imports for its 335,000-barrel-per-day Isla refinery in the Caribbean island of Curacao after a seven-month pause, as it seeks to turn around falling fuel output, according to internal PDVSA documents.

PAWA Dominicana (7N, Santo Domingo Las Américas) has been grounded by the Dominican aviation regulator citing its growing debt mountain.

THE HAGUE--The Dutch Government has made 550,000 euros available for micro-credits in the Windward Islands through the non-profit organisation Qredits, Dutch State Secretary of Home Affairs and Kingdom Relations Raymond Knops confirmed on Monday.

BEIJING - China’s debt-ridden Guangdong Zhenrong Energy (GZE) has asked a private refining group to join a multi-billion dollar investment in an aging Caribbean oil plant to shore up financing on the deal, said two Chinese executives involved in the matter.