Stanford Group Aruba declared bankrupt

On December 11, 2009 the Court of First Instance of Aruba declared Stanford Group Aruba N.V. bankrupt and appointed Jeannot de Cuba of law firm VanEps Kunneman VanDoorne as bankruptcy trustee.

The petition to declare Stanford Group Aruba N.V. bankrupt was filed by a number of employees that seek payment of their unpaid salaries and benefits.

The trustee wishes to reiterate that Stanford Group Aruba N.V. was not registered as a bank or financial institution in Aruba, nor did it invest for or on behalf of local investors. It seems that Stanford Group Aruba N.V. has acted as an intermediary for Stanford International Bank Ltd (in liquidation) (“SIB”) in Antigua and therefore it is the trustee’s position that Stanford Group Aruba N.V. has no contractual obligations towards local investors. Local investors will have to file their claims with the trustees of SIB.

13 january, 2010

Aruba keeps border with Venezuela shut

ORANJESTAD - While Venezuela reopened its borders with Brazil and Aruba, the latter’s government did not find the timing “opportune” and kept the current trade and travel ban in place for now.

Blokhuis naar Caribisch Nederland om preventieakkoord te ondertekenen

Staatssecretaris Paul Blokhuis (VWS) brengt van maandag 13 mei tot en met donderdag 16 mei een bezoek aan Caribisch Nederland. Blokhuis gaat het Caribisch Sport- en Preventieakkoord voor Sint Eustatius en Bonaire ondertekenen. Ook bezoekt hij verschillende organisaties die werken aan preventie en sport.

Venezuela reopens borders with Brazil and Aruba

ORANJESTAD/CARACAS - Venezuela is reopening its borders with Brazil and the Caribbean island of Aruba, Venezuela's Economy Vice President Tareck El Aissami said on Friday.