Ranging from basic to extremely complex

Under the laws of the Netherlands Antilles, public and private limited liability companies (NVs or BVs), foundations, co-operatives, mutual insurance societies and associations are considered legal entities.

The articles of incorporation (a.k.a. articles of association) provide the regulatory framework by which these legal entities in the Netherlands Antilles are governed and by which they must abide. Additionally regulations (‘reglementen’) are sometimes also used as a sort of ‘by-laws’.

The articles of association are more or less comparable with the constitution of a country. Regulations can for instance be adopted by a managing board, a supervisory board or a general meeting of members of an association. Although not entirely correct, one could say that while the articles of association regulate (i) the powers and responsibilities of the bodies of a legal entity as well as (ii) the interaction between the legal entity and the outside world, the regulations are primarily responsible for the internal conduct of the various bodies of the legal entity.

The articles of association can range from very basic, straight forward structures to extremely complex ones. Generally, the articles of association contain the name of the legal entity and its statutory seat, and address issues like the objectives and provisions of the powers of the managing directors, the fiscal year, the voting rights of members or shareholders (if any), the distribution of profits, provisions, and liquidation and dissolution.

Karel Frielink
Attorney (Lawyer) / Partner

November 2009

​​Hof distantieert zich van negatieve berichten in media over KNSM gebouw

WILLEMSTAD – Het Hof van Justitie distantieert zich van de negatieve berichten die gisteren en vandaag in de media zijn verschenen.

Legaal online gokken in Nederland vanaf 2021

DEN HAAG - Op 19 februari 2019 is door de Eerste Kamer besloten dat de nieuwe kansspelwet Kansspelen op Afstand begin 2021 van kracht gaat zijn. Dit betekent dat casino spelers vanuit Nederland op een legale wijze mogen spelen bij een online casino’s (indien deze een licentie heeft).

Coronavirus infecteert ook advocatuur

CHINA/NEDERLAND - China raakt door de uitbraak van het coronavirus steeds meer op slot. Reizen naar en van China zijn niet meer vanzelfsprekend. Wat betekent dat voor advocatenkantoren met een Chinadesk?