Dutch Caribbean Legal Portal

WILLEMSTAD - Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA, local media said on Saturday.

CARACAS - Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters.

WILLEMSTAD/ PHILIPSBURG--Parman International B.V., with ultimate beneficial owner Hushang Ansary, is fighting the withdrawal of ENNIA’s insurance licence and the emergency regulation issued by the court in Curaçao with respectively an administrative LAR case and summary proceedings.

WILLEMSTAD - Verzekeringsmaatschappij Ennia vraagt in de Verenigde Staten juridische erkenning aan voor de bestaande noodregeling voor het bedrijf van de Centrale Bank van Curaçao en Sint Maarten (CBCS).

WILLEMSTAD - De rechtbank keurt bij beschikking van 21 september 2018 de onderhandse koop door Corendon van (de percelen behorend tot het) Holiday Beach Hotel goed.

WILLEMSTAD - Cedric Pietersz is the Treasurer for the Central Bank of Curaçao and Sint Maarten. Pietersz shared with website Bitsonline the central bank’s views on how blockchain and cryptocurrency are being explored at the highest levels on the island.

WILLEMSTAD - Curacao’s 335,000-barrel-per-day Isla refinery is operating at a minimum since it was largely idled in July as it waits for the end of a legal dispute between Venezuela’s PDVSA and ConocoPhillips to restore crude supplies to the plant, three sources close to the matter said.

WILLEMSTAD--ConocoPhillips said it reached a settlement with Curaçao’s Isla refinery operator “Petroleos de Venezuela” PDVSA to recover US $2 billion, the full amount awarded by an arbitral tribunal convened under the rules of the International Chamber of Commerce, plus interest.

Medici Ventures' Barbados-based fintech portfolio company Bitt, Inc. announces it has signed a Memorandum of Understanding (MOU) with the Centrale Bank van Curacao en Sint Maarten (CBCS) to explore the feasibility of the CBCS issuing a digital Curacao and Sint Maarten guilder to facilitate digital financial payments within the monetary union of Curacao and Sint Maarten.

ORANJETSTAD - A unit of Citgo Petroleum in September plans to resume long-delayed work to refurbish an idled, 235,000-barrel-per-day (bpd) oil refinery on Aruba, the Caribbean island’s government said on Wednesday.

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.