Dutch Caribbean Legal Portal

WASHINGTON/PHILIPSBURG - The World Bank and the Government of Sint Maarten signed a US$72 million grant agreement for the Sint Maarten Airport Terminal Reconstruction Project which aims to restore full service at the Princess Juliana International Airport in Sint Maarten.

WILLEMSTAD / CARACA - Venezuela’s state oil company PDVSA will operate Curacao’s 335,000 barrel-per-day Isla refinery for up to a year more, a spokesman for Curacao’s state refining company, Refineria di Koursou (RdK), said on Sunday.

THE NETHERLANDS/ CARIBBEAN - Het Openbaar Ministerie in Nederland doet onderzoek naar corruptie bij de levering van tientallen schepen door Damen Shipyards in het Caribisch gebied. Centraal daarbij staan mogelijke financiële onregelmatigheden via een bedrijf op Barbados.

PARAMARIBO - In Suriname is een heftige discussie losgebarsten over een voorgenomen wijziging van de Wet op de Staatsschuld. Als de wet wordt aangepast, kan de regering onbeperkt geld lenen.

WILLEMSTAD--As per 30 November the Maduro & Curiel’s Bank (MCB) accounts of various lotteries in Curaçao will close. The bank considers the current risk too great to continue doing business with them.

PARAMARIBO - Suriname’s state-owned oil firm said on Friday it had signed a production-sharing agreement for the onshore Weg Naar Zee (WNZ) block with Britain-based oil and gas exploration company Columbus Energy Resources.

WILLEMSTAD - Banco del Orinico is failliet. Dat heeft de rechter verklaard. Een maand geleden trok de Centrale Bank de bankvergunning van Banco del Orinoco al in.

PHILIPSBURG--On Monday, September 30, International Organization of Securities Commissions IOSCO launched its worldwide campaign World Investor Week 2019, which serves to raise awareness about the importance of investor education and protection, and to draw attention to the various initiatives by regulators on this topic.

CARACAS - Venezuela’s banking regulator will launch a temporary state intervention of private bank Banco Occidental de Descuento (BOD), according to a document seen by Reuters on Thursday, following the closure of the bank’s offshore affiliate in Curacao.

PHILIPSBURG--St. Maarten’s 12.5 per cent share of United Telecommunications Services (UTS) has been acquired by Liberty Latin America Ltd. (LLA).

WILLEMSTAD / PHILIPSBURG – De Centrale Bank van Curaçao en Sint Maarten (CBCS) heeft zich vanwege tekortkomingen binnen Banco Del Orinoco N.V. genoodzaakt gezien het Gerecht in Eerste Aanleg van Curaçao te verzoeken om ten aanzien van Banco Del Orinoco N.V. de noodregeling uit te spreken.

WILLEMSTAD - Curacao’s state-run refining company Refineria di Korsou (RdK) said on Wednesday it has opened exclusive negotiations with industrial commodities conglomerate Klesch Group to operate the 335,000-barrel-per-day Isla refinery.

THE HAGUE--The Committee for Financial Supervision (CFT) is concerned that St. Maarten barely made progress on improving its financial management in the first half of this year.

AMSTERDAM/FLORIDA - Ondernemer, schrijver en filantroop Jacob Gelt Dekker is op 71-jarige leeftijd overleden.

PHILIPSBURG--The sale of St. Maarten’s shares in United Telecommunications Services (UTS) is almost completed, Finance Minister Perry Geerlings said on Wednesday.

ST. EUSTATIUS--Pension Fund Caribbean Netherlands PCN will be providing a loan to Old Gin House Exploitatie Maatschappij (OGHEM) BV to facilitate the purchase of the Talk of the Town apartments on St. Eustatius.

WILLEMSTAD--During Wednesday’s luncheon of Curaçao Business Association VBC, acting president-director of Central Bank of Curaçao and St. Maarten (CBCS), Bob Traa called for more attention to the supply side of the economy. He was giving his diagnosis of and possible solutions for the current economic situation on the island.

 

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PARAMARIBO - Suriname’s state-owned oil company is planning a bond sale next year to finance offshore oil exploration, its chief executive said on Thursday, as it seeks to capitalize on growing hype over neighboring Guyana’s looming oil boom.

WILLEMSTAD - Curacao’s prime minister and Venezuela’s oil minister discussed the possibility of Venezuelan state oil company PDVSA remaining as the operator of the Caribbean nation’s 335,000 barrel-per-day (bpd) Isla refinery, Curacao’s government said on Monday.