Dutch Caribbean Legal Portal

ANGUILLA--A release from National Commercial Bank of Anguilla (NCBA) announces the return of the funds “frozen” by Bank of America of the two former banks, National Bank of Anguilla and Caribbean Commercial Bank offshore subsidiaries.

WILLEMSTAD/PHILIPSBURG--The members of the Supervisory Board of the Central Bank of Curaçao and St. Maarten (CBCS) are at an impasse about extending the term of one of its soon-to-be retiring managing directors.

WILLEMSTAD/PHILIPSBURG--A maximum annual percentage rate (APR) will be included as of May 5 in the Provisions on the Disclosure of Pricing Information on Consumer Credit (APR provisions), which became effective on May 5, 2015, the Central Bank of Curaçao and St. Maarten announced on Friday.

CARACAS/ CARIBBEAN - Venezuela’s state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million – money the crisis-stricken nation desperately needs.

HAVANA, Cuba--Cuba and Portugal have signed a protocol of cooperation that stands to benefit tourism development in both countries.

WILLEMSTAD--Curaçao-based InselAir has come under some scrutiny and criticism regarding its recent decision to reduce its number of functions by some 250.

CARACAS - Het hooggerechtshof in Venezuela heeft het parlement aan de kant geschoven en de taken ervan overgenomen.

CARACAS, Venezuela – In an unusual acknowledgement of his country’s desperate situation, President Nicolas Maduro has asked the United Nations to help address severe shortages of medicine and medical supplies in Venezuela.

PHILIPSBURG--The United States (US) has named 21 Caribbean nations among a wider global list of Major Money Laundering Countries of 2016. The list includes all three Dutch Caribbean countries Curaçao, Aruba and St. Maarten.

ING Bank NV is verdachte in een Nederlands strafrechtelijk onderzoek. Dat richt zich op vermoede betrokkenheid van ING INGA€13,69-4,93% bij internationale corruptie, witwassen, het schenden van de regels voor cliëntonderzoek en het onvermeld laten van ongebruikelijke transacties.

PHILIPSBURG--A disputed load of oil of Venezuela’s state oil company PDVSA, which is currently on board of crude oil tanker NS Columbus near St. Eustatius, will have to be pumped out and stored in a bunker at NuStar Statia Terminals. 

WILLEMSTAD-InselAir on Wednesday sent out dismissal letters for some 250 employees as a result of the ongoing crisis facing the Curaçao-based carrier.

BRIDGETOWN, Barbados--A major rum deal has been announced that will see conglomerate Goddard Enterprises Limited (GEL) selling its majority interest in The West Indies Rum Distillery Limited (WIRD).

ORANJESTAD - In September 2015 the government of Aruba awarded the concession for the PPP Watty Vos Boulevard project to Mota-Engil. It marked the start of the tender procedure's Financial Close phase.

BRUSSEL - Brussel moet Chinese investeringen in Europese bedrijven standaard aan de poort screenen. Daarvoor pleit de Europese Kamer van Koophandel (EuCham) in een rapport dat vandaag verschijnt.

WILLEMSTAD--As a direct result of the continued grounding of a part of its fleet by the Aruban Civil Aviation Authorities since January 26, Curaçao-based InselAir says it has no choice but to temporarily suspend flights to all destinations outside of the Dutch Caribbean per Wednesday, March 8.

Veel Europese banken zijn niet in staat om kapitaalkosten terug te verdienen

Het ‘oude’ ABN Amro onder Rijkman Groenink had er grote moeite mee: beter renderen dan de concurrentie.

BRIDGETOWN, Barbados – Digicel this week begins offering voluntary separation packages as it moves to cut its global workforce by 25 per cent, a week after announcing organizational restructuring and a partnership with a controversial Chinese company embroiled in a probe by the United States government.

WILLEMSTAD - Het toezicht op de Curaçaose luchtvaartsector voldoet niet aan de internationale normen, zo schrijft staatssecretaris Sharon Dijksma van Infrastructuur en Milieu in een brief aan de Tweede Kamer.

PORT OF SPAIN, Trinidad, Monday February 20, 2017 – Mexican cement manufacturer Cemex is paying US$86.36 million for Trinidad Cement Ltd (TCL) and its three cement plants in Barbados, Jamaica and Trinidad and Tobago, the company has said.