Complicated buy-out procedure (uitkoopprocedure) successfully conducted

Randolph Van Eps, Aike Krips and Yvo Peters of VanEps Kunneman VanDoorne successfully assisted Stichting Beheer Aandelen Rif Resort (the “Stichting”) in its request for buying out the minority shareholders in Rif Resort Hotel N.V. (Marriott Hotel).

The Curacao Court of First Instance granted the Stichting’s request for buy out of the minority shareholders for ANG 10 per share and ordered such minority shareholders to transfer their shares to the Stichting for such price.

The buy out was of crucial importance since the Stichting is in the process of selling the Hotel, i.e. shares or assets, to a third party. Such sale would obviously have not been possible without firstly obtaining the full 100% of the shares.

Compelled buy-out procedures are very rare in Curacao, there are hardly any precedents. Presumably, this is the first (successful) buy out-procedure in Curacao in which several minority shareholders also tried to contest the buy out.

In the Netherlands buy out procedures are being conducted before the (specially equipped) Enterprise Chamber of the Amsterdam Court of Appeal.

(Source: www.ekvandoorne.com)

8 January, 2010   

Alle vestigingen Hof van Justitie 22 mei gesloten

Alle vestigingen van het Gemeenschappelijk Hof van Justitie zijn op vrijdag 22 mei 2020, de dag na Hemelvaart, gesloten. Op deze dag hebben de medewerkers van het Hof op Aruba, Bonaire, Curaçao en Sint Maarten een arbeidsverkorting dag (ATV-dag).

Aankomende Nederlandse casino reguleringen in 2021

DEN HAAG - Vanaf volgend jaar zal de overheid licenties af gaan geven aan online casino’s uit Nederland. Dit was eerder niet mogelijk, waardoor het eigenlijk betekent dat online gokken vanaf dit moment legaal zal worden iin Nederland.

Aangifte tegen gezaghebber Bonaire geseponeerd

KRALENDIJK - Op 6 maart 2020 hebben mevrouw R. Hellburg-Makaai en de heren M. Pieters en C. Abraham, leden van de Eilandsraad Bonaire, aangifte gedaan van valsheid in geschrift tegen de gezaghebber van Bonaire.