ConocoPhillips has settled with PDVSA

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.
 
The US oil company said state-run PDVSA agreed to recognise the judgment and make a US $500 million initial payment within 90 days, with the balance to be paid quarterly over four-and-a-half years. As a result of this settlement ConocoPhillips will suspend legal enforcement actions relating to the award.
 
The American firm has a separate and independent legal action pending against Venezuela's government before a tribunal under the World Bank's International Center for Settlement of Investment Disputes.

Lawyer Brooks appeal presumably in October

PHILIPSBURG--The appeals against attorney-at-law Brenda Brooks’ conviction of bribery charges, will most likely be heard by the Joint Court of Justice in October, it was said Thursday.

2019 Tax law books

DC Tax & Legal will publish the 2019 tax law books for the jurisdictions Sint Maarten, Curaçao, Aruba and The Caribbean Netherlands.

St. Maarten Airport’s cash shortfall is US $1.2M per month

PHILIPSBURG - Princess Juliana International Airport’s (PJIA’s) financial crisis is deepening and the airport has no funds to pay its February salaries next week.