NEWSLETTER
PwC: "We have nothing to do with Madoff"
- April 15, 2009 9:53 AM
The Antillean branch of PricewaterhouseCoopers (PwC) explicitly states that they have nothing to do with the Madoff issue. The name of the company was connected to the American swindler, last Monday. Nevertheless, it concerns PwC in Canada and the Netherlands.
Econcern and Rabobank strike deal
- April 15, 2009 6:55 AM
WILLEMSTAD/KRALENDIJK – Econcern and Rabobank reached a financial close for a pioneer project that will provide for sustainable energy in Bonaire. The system was designed in such a way that it can meet the entire need for energy of the island. Econcern is the driving force behind the Ecopower consortium that will build and manage the system and also owns it.
Neighborhood gives âChompiâ a new house
- April 14, 2009 10:14 AM
The law firm VanEps Kunneman VanDoorne recently established the Foundation “Pro Bono VanEps Kunneman VanDoorne”. This foundation has the object, inter alia, to perform pro bono legal activities for less fortunate individuals and non-profit foundations, starting small enterprises and small businesses. Furthermore, one of their objects is the development and/or promotion of science, education, social education, and culture.
G-20 confirms: Netherlands Antilles not on blacklist
- April 09, 2009 11:17 AM
The Netherlands Antilles and Aruba do not appear on the OECD blacklist of international tax havens
Although still on a so-called ’greylist’, which is not an official list, but rather a progress report, the Netherlands Antilles and Aruba both have committed to the internationally agreed tax standard.
Assignment authority is off, judicial cooperation reinforced
- March 31, 2009 7:20 AM
The assignment authority within the Kingdom is off. The cooperation in the field of criminality control will be structurally reinforced. Read the main points of agreement of the Political Steering Committee between the Netherlands, the Netherlands Antilles, Curacao and St. Maarten.
Assignment authority is off
- March 30, 2009 5:53 AM
Curaçao and Antillean politicians and advisors know for sure, even before the Political Steering Committee between the Netherlands, Curaçao and St. Martin starts this afternoon: the assignment authority for the Attorney General of the government minister of Justice is off.
Victims Stanford hold Central Bank responsible
- March 25, 2009 7:37 AM
ORANJESTAD –– On behalf of two clients on Aruba and Curaçao, law office Van Giffen wants to bring charges against the Central Bank of Aruba (CBA) on account of failing supervision in the fraude case of Stanford International Bank. The clients hold the CBA responsible in view of an article in the Amigoe of February 19th, where co-workers of the bank indicated to be worried about Stanford since the law on credit institutes (LTK) was implemented ten years ago.
Spigt comes with new initiative
- March 24, 2009 7:17 AM
Lawyer Leo Spigt (Spigthoff) has introduced a new initiative on the Dutch market for legal services. Under the name Legal Legion he and two partners started a new firm that aims at legal work that is under the level of a standard law firm. Work that at this moment is being done by standard law firms or through outsourcing of lawyers, but that might as well be done by less qualified lawyers.
New chairman Cifa
- March 24, 2009 5:48 AM
State secretary Alex Rosaria (Finance, PNP) congratulates Bryan Irausquin with his election as new chairman of the Curaçao International Financial Services Association (Cifa). During a first conversation with the new chairman, the secretary indicated that he was looking forward to a good cooperation.
FirstCaribbean closes deal with Pristine Estates N.V.
- March 23, 2009 4:35 AM
FirstCaribbean Corporate Banking Curacao has successfully closed a landmark US$45 million refinancing transaction with Pristine Estates N.V. The company owns the 612-room 3.5 star Holiday Inn Resort and Casino in Aruba.
Deputy comments on critical advice of Council of State about assignment authority
- March 19, 2009 5:47 AM
The advice of the Council of State (Raad van State), with serious comments on the procedure, necessity and expected effectiveness of the assignment authority of The Kingdom of the Netherlands Minister of Justice for the local Attorney-General, was received with great acclaim by the negotiators in the constitutional process.
Comments of the Council of State (Raad van State) regarding assignment authority
- March 18, 2009 7:35 AM
The Council of State has serious comments regarding procedure, necessity and expected effectiveness of the assignment authority of the (Dutch) Minister of Justice for the local Attorney-General, states a well-informed source.
Memorandum on professional confidentiality and the right to silence
- March 11, 2009 6:10 AM
At the request of the Dutch Bar association Prof.Mr. F.A.W. Bannier has written a memorandum on the nature and range of the professional confidentiality and the right to silence. You can read this memorandum here.
Law on maritime borders passed
- March 09, 2009 7:39 AM
Philipsburg - The consensus-statute law on maritime borders was unanimously passed last Monday. This law lays down the borders of the future countries St. Maarten and Curacao, and those of the BES-islands (Bonaire, St. Eustatius, and Saba).
Law firms in the Netherlands Antilles and Aruba give legal assistance to victims in Stanford fraud
- March 03, 2009 3:49 AM
US billionaire Allen Stanford has been accused of fraud by the US Securities and Exchange Commission (SEC). According to the SEC, Stanford International Bank domiciled on the island of Antigua sold roughly $8 Billion of “so-called” ‘certificates of deposit’ to investors by promising improbable and unsubstantiated high interest rates.
Stanford Bank fallout touches the Antilles
- February 26, 2009 3:07 AM
PHILIPSBURG--The ripple effects of the “massive ongoing fraud” charges against Texan billionaire Allen Stanford are seeping into the Netherlands Antilles where several people and businesses have invested in Stanford International Bank.
Buncamper-Molanus talks to the financial sector of Curacao
- February 24, 2009 6:44 AM
Commissioner of Economic Affairs of St. Maarten, Maria Buncamper-Molanus, visited Curacao this week, where together with a team of advisors, she looked at the financial services sector. The delegation had a meeting with among others the director of Curaçao International Financial Services Association (Cifa), Lionel Anthony, who is also associated with LAconsult.
Council of Ministers agrees with Statute Law Police
- February 18, 2009 12:43 PM
The Council of Minister for the Kingdom has agreed with the consensus-statute law Police of Curaçao, St. Maarten and the BES-islands (Bonaire, St. Eustatius, and Saba) and with the Statute Law Council for the maintenance of law and order. Both bills will now be sent to the State Council for the Kingdom for advice.
Judgment Churandy deferred
- February 18, 2009 12:29 PM
Judgment in the matter that the Antillean sprinter Churandy Martina had instituted with the International Sports Court of Justice in Lausanne, has again been postponed. The Court of Justice will now render judgement on 13 March. Director Remco Tevreden of the Netherlands Antillean Olympic Committee (Naoc) couldn't say what the exact reason for this new postponement was.
Columbus takes Government of the Netherlands Antilles to Court
- February 18, 2009 12:06 PM
Telecom-minister Maurice Adriaens (FOL) indicated that Columbus Networks Curaçao has instituted legal proceedings against the Government of the Netherlands Antilles. She did this to force the issuing of a new concession for international telephony and internet in Curacao. The Government has obtained a period of three weeks to argue why there is no response yet on the petition that was submitted by Columbus already in 2007.