Dutch Caribbean Legal Portal

Het overnemen van en investeren in Amerikaanse bedrijven door buitenlandse partijen zal vanaf maandag een stuk gecompliceerder worden.

WILLEMSTAD - The Venezuelan-run 335,000-barrel-per-day (bpd) Isla refinery in Curacao is down after an operational problem triggered a blackout.

AMSTERDAM - Belastingadviseurs en andere vrije beroepsbeoefenaren worden ten onrechte onder de werking van de Wet toezicht trustkantoren 2018 (Wtt). Dat stelt de Nederlandse Orde van Belastingadviseurs (NOB) in een reactie op de internetconsultatie.

BRIDGETOWN, Barbados--The Board of Directors of the Caribbean Development Bank (CDB) said Thursday that it has approved a US $9.3 million loan to the government of Anguilla, to implement a reform programme that aims to restore fiscal sustainability and enhance resilience against natural disasters.

WILLEMSTAD - Curacao’s Isla refinery is considering offers from 15 companies interested in temporarily operating the 335,000-barrel-per-day facility to replace the current operator, Venezuela’s ailing PDVSA state oil company. 

THE HAGUE--The Christian Democratic Party CDA in the Second Chamber of the Dutch Parliament wants clarity about the emergency measure that the Central Bank of Curaçao and St. Maarten (CBCS) imposed on the insurance and pension management firm Ennia.

HOUSTON - ConocoPhillips (COP.N) moved to bring Venezuelan PDVSA’s U.S. refining unit Citgo Petroleum into its legal battles to enforce a $2 billion arbitration award against the South American country’s nationalization of its Venezuelan assets.

ORANJESTAD - Citgo Petroleum, the U.S. refining arm of Venezuela’s state-run oil company PDVSA, said on Thursday it appointed two senior executives to new positions as it works to refurbish an idled Aruba refinery.

WILLEMSTAD - The government-owned Isla refinery in Curacao is seeking a company to immediately replace Venezuela’s state-run PDVSA as operator of the 335,000-barrel-per-day facility, which has been largely idled due to a lack of crude shipments to the plant.

ORANJESTAD - A court in Aruba on Wednesday lifted liens on two oil cargoes put in place by ConocoPhillips as part of a legal strategy to enforce a $2 billion arbitration decision, the latest reversal for the U.S. oil firm’s collection efforts.

HOUSTON - U.S. oil producer ConocoPhillips (COP.N) is far from collecting the full value of a $2 billion arbitration award against Venezuelan state oil company PDVSA [PDVSA.UL], Conoco’s chief executive said on Tuesday.

ORANJESTAD - U.S. oil company ConocoPhillips has brought new court actions to seize two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum in Aruba, the Aruban government confirmed on Tuesday.

THE HAGUE--The Dutch Government is keeping a keen eye on the consequences that the lien placed by US oil giant ConocoPhillips on the assets of the Venezuela state oil firm PdVSA might have for Bonaire and St. Eustatius.

HOUSTON, Texas/ WILLEMSTAD - ConocoPhillips is expected to renew an effort to temporarily seize Venezuela’s PDVSA oil inventories at the 335,000-barrel-per-day Isla refinery in Curaçao in the coming days, sources close to the state-run firm’s operations in the Caribbean said.

HOUSTON/CARACAS - U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions.

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.