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Dutch Caribbean Business Guides

Advocaat Sulvaran is de weg kwijt

January 10, 2014 4:33 PM
Eens in de paar jaar komt advocaat mr. Eldon “Peppie” Sulvaran met zijn aanval op het Hof van Justitie. Het is steeds hetzelfde verhaal en het gaat steeds om dezelfde beschuldigingen. In een recent wrakingsverzoek, namens zijn cliënten ingediend door mr. Sulvaran tegen één rechter, kwam een vijftien jaar oude kwestie weer naar boven.

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LAWYERS AND BILLABLE HOURS

December 16, 2013 11:33 AM
What is wrong with this exactly?
 
You read everywhere that law firms (lawyers, advocates, attorneys) have to change. Lawyers are too conservative. They hold on to the past and are anything but innovative. As the economic climate deteriorates the call for change becomes increasingly stronger.

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THE COURT OF LAST RESORT

December 09, 2013 3:33 PM
Curaçao court as court of last resort for civil matters
 
An attachment on assets located in Curaçao generally establishes jurisdiction over the cause of action for which the attachment is made, also if neither of the parties involved are domiciled in Curaçao.

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Behind the Courthouse doors: Meet the judge

December 09, 2013 2:26 PM
PHILIPSBURG - In a series of articles, The Daily Herald investigates who the main characters are in the Justice System on Sint Maarten and what exactly their roles entail.

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CHALLENGING THE VALIDITY OF A CONTRACT

December 02, 2013 4:35 PM
Based on error, fraud or undue influence
 
The validity of a contract can be challenged on various grounds, including error, fraud or undue influence. In the case to be discussed here a contract was entered into by an intermediary. Appellants in cassation (Van Eendenberg) were owners of the parcels on which a preferential right was established pursuant to the (Dutch) Municipalities (Preferential Rights) Act. 

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Karel Frielink: 150 JURIDISCHE PUBLICATIES

December 02, 2013 4:30 PM
Een persoonlijke mijlpaal
 
Afgelopen donderdag was het dan zo ver: mijn 150e juridische publicatie zag het levenslicht. Het gaat om mijn bijdrage aan het Liber Amicorum ‘Christels Koers’ dat toen werd aangeboden aan prof.mr. drs. C.M. Grundmann-van de Krol: “Openbaarmaking door de financiële toezichthouders”.

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EDITORIAL: Network organizations attractive for law firms

November 28, 2013 9:25 AM
Six of the seven largest law firms in the Dutch Caribbean cooperate on an institutionalized basis with firms in other jurisdictions. Their aim is to attract international clients and to serve their local and regional clients internationally. They do so either on an individual basis or within so called network alliances.

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US LAW GOVERNED AGREEMENTS

November 22, 2013 7:51 AM
Curaçao and St. Maarten Courts will accept the choice of laws
 
One of the questions frequently asked is whether the Courts in Curaçao or St. Maarten, if an action is brought before them, will pay deference to a “choice of governing law” and/or venue provision in an agreement, in particular when the parties have chosen US Law, and a US Court to resolve their disputes.

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White Lie-recht?!

November 19, 2013 5:23 PM
door mr Mirto F. Murray
 
Een ‘white lie’ ofwel in het Nederlands een ‘leugen om bestwil’ wordt doorgaans omschreven als een leugentje (in de verkleinde en verondersteld minder erge vorm dus) om een voor de toehoorder pijnlijke waarheid te maskeren. Zeg maar, een leugen(tje) met een goed doel!

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Als het kalf verdronken is dempt men de put

November 18, 2013 8:02 AM
Door prof. dr. F.B.M. Kunneman in het Antilliaans Dagblad
 
Vorige week zijn acht voormalige commissarissen van de Nederlandse woningcorporatie Vestia voor een bedrag van 2 miljard euro aansprakelijk gesteld. Reden? Ze hebben zitten dutten terwijl de bestuurders van Vestia (onder wie Eric Staal) ongehinderd een zelfde bedrag hebben verspeeld met zogenaamde renteswaps (‘derivaten’). 

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LIFTING THE CORPORATE VEIL IN ARUBA

November 08, 2013 10:42 AM
Only under exceptional circumstances
 
In terms of “piercing the corporate veil” and shareholders’ liability, the laws of the Netherlands and Aruba are nearly identical. As far as a tort matter concerns the laws of Aruba, Dutch case-law and Dutch legal literature should be considered as well.

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REGULATORY LAWS IN THE BES ISLANDS

October 31, 2013 9:19 AM
There are three regulators
 
According to the Dutch Central Bank (“DCB”), financial institutions must be sound, reliable and stable to ensure confidence among businesses, consumers and others. DCB states on its website: “In addition to making certain their customers are properly informed about their products and services, these institutions also have a duty of care towards their customers.

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ELECTRONIC MONEY INSTITUTIONS IN ARUBA

October 25, 2013 9:42 AM
A license is required
 
The European Central Bank defines e-money as follows (a non-legal definition): “E-money can be defined as any amount of monetary value represented by a claim issued on a prepaid basis, stored in an electronic medium (for example, a card or computer) and accepted as a means of payment by undertakings other than the issuer,

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Privacy en personeelsdossiers

October 19, 2013 10:40 AM
Door Annemarijke Bach Kolling 
Op 1 oktober jl. is de Landsverordening bescherming persoonsgegevens op Curaçao in werking getreden. Over het nut van deze regeling zijn de meningen verdeeld. Voorstanders van privacy-bescherming zijn blij dat de regeling eindelijk is ingevoerd. Sceptici hechten hier echter minder waarde aan omdat zij ‘toch niets te verbergen’ hebben.

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Privacywetgeving versus Fatca

October 18, 2013 2:19 PM
Door Robert Bottse
 
Onderstaande bijdrage volgt op het artikel ‘Bescherming persoonlijke levenssfeer’ van advocaat Caroline Fievez in het Antilliaans Dagblad van afgelopen maandag 14 oktober 2013. In het artikel van vandaag brengt haar collega Robert Bottse de nieuwe Privacywet van Curaçao in verband met de Amerikaanse Foreign Account Tax Compliance Act (Fatca), die voornamelijk gevolgen zal hebben voor financiële instellingen op Curaçao.

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Bescherming persoonlijke levenssfeer

October 18, 2013 2:01 PM
Door Caroline Fievez
Landsverordening bescherming persoonsgegevens
U hebt vast ook zo’n vriend of vriendin: via Facebook mag u meegenieten van de laatste Disney-vakantie met de kinderen, de nieuwe Hummer, de yellowfin op de Boston Whaler en van de feestjes met veel en vooral blije vrienden. Via de Whatsappstatus ziet u dat hij of zij ziek is - een groene smiley - of waar hij of zij zich nu bevindt: ‘no calls please, travelling through Australia’ - een thumbs up of een huppelende kangaroe als smiley -. 

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THE ARTICLES OF ASSOCIATION OF A CURAÇAO COMPANY (III)

October 15, 2013 10:05 AM
Controlling minority?
 
Such a situation (i.e. example 2) is possibly less desirable from the company’s perspective, certainly where the more essential decision-making is concerned. Although decisions should be taken on the basis of a discussion of content and it will not always be possible to predict how the meeting of shareholders will vote,

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THE ARTICLES OF ASSOCIATION OF A CURAÇAO COMPANY (II)

October 11, 2013 6:10 PM
Articles determine the nature of the company
 
A company’s articles of association determine the nature of the company (take for example the description of the purpose), regulate the internal competences (e.g. dismissal and appointment), limit the powers (e.g. decisions requiring approval), 

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THE ARTICLES OF ASSOCIATION OF A CURAÇAO COMPANY (I)

October 10, 2013 10:48 AM
Comparable with a constitution
 
The articles of association of a Curaçao company (a public [NV] or private [BV] limited liability company) are somewhat comparable with a constitution or state regulations: the articles of association comprise – like the law,

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VALIDLY REPRESENTING A CURACAO COMPANY

September 27, 2013 9:54 AM
Extract and Articles are of importance
 
Limited liability companies like the Curaçao NV or BV are legal entities. Whether or not a managing director has the authority to validly represent a company can be derived from the extract from the Trade Register of the Chamber of Commerce of Curaçao together with the articles of association of the company.

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