Dutch Caribbean Legal Portal
NEWSLETTER
New National Decree for Compulsory Social Education
- August 01, 2011 4:22 PM
A new National Decree for the Compulsory Social Education (SVP) will be introduced, according to an advice regarding the position of the SVP that was drawn up at the end of last month.
Parliament to decide on 45 draft laws by Oct. 10
- August 01, 2011 4:09 PM
PHILIPSBURG--Parliament has a heavy workload ahead when the recess ends in August, because in addition to its regular work, there are a number of draft laws and amendments from the former Netherlands Antilles that have to be handled by October 10.
"Mijn N.V. krijgt teveel schulden, kan ik de vennootschap opheffen?"
- August 01, 2011 3:51 PM
Een ondernemer benaderde mij met de navolgende vraag:
“Al jaren heb ik een handelsbedrijf, een N.V.. Ik ben directeur en enig aandeelhouder van deze N.V.
CPA and KTK go to court CPA and KTK go to court
- July 31, 2011 5:41 PM
Augustin ‘Tinchi’ Diaz, the former general manager of KTK Panama instituted summary proceedings against Curaçao Port Authorities (CPA) and Kompania di Tou Kòrsou (KTK) because they have still not paid him the redundancy scheme as mutually agreed on March 1st.
Court rules against STKO committee members
- July 31, 2011 5:26 PM
This morning, the judge ruled against the three committee members of the Aqualectra trade union STKO, who believed they had been wrongfully dismissed.
."Securities Exchange" company to open in St. Maarten in 2012
- July 27, 2011 10:48 AM
PHILIPSBURG--A "Securities Exchange" company has announced its intentions to establish operations in St. Maarten in August 2012 and has projected its first-year taxes at more than US $30 million.
Judge calls American-Dutch Friendship Treaty applicable
- July 27, 2011 10:44 AM
PHILIPSBURG--The American-Dutch Friendship Treaty is directly applicable in St. Maarten, which means that citizens of the United States are subject to the same rules as European Dutchmen, where residence permits are concerned. A judge in the Court of First Instance established this Monday in a case filed by US national Ricardo Perez.
Judge permits preparatory work for Statia Terminal expansion
- July 27, 2011 10:39 AM
ST. EUSTATIUS--The Court of First Instance turned down on Monday St. Eustatius Monument Foundation's (SEMF's) request for an injunction against the possibility outlined in the St. Eustatius Spatial Development Plan of constructing a new oil terminal in the area known as The Farm.
Grupo Sura bags ING assets
- July 26, 2011 5:17 PM
Shearman & Sterling LLP, Sullivan & Cromwell LLP and 10 Latin American firms across five countries are working towards the US$3.8 billion sale of ING Groep's assets in the region to Colombian financial holding company Grupo de Inversiones Suramericana (Grupo Sura), which marks the biggest foreign buy by a Colombian company to date.
SUMMARY PROCEEDINGS IN ARUBA, BONAIRE, CURACAO AND SAINT MAARTEN
- July 25, 2011 5:22 PM
Preliminary relief within several weeks, sometimes within days or hours
In all matters for which an immediate injunction, measure, or decision is required, the parties may address themselves to the Courts. If the matter does not require immediate resolution, the Court will deny the relief sought and refer the parties to the normal procedure.
SECURITIZATION IN CURACAO
- July 25, 2011 5:11 PM
Curacaoan special purpose vehicles are commonly used in cross–border financing transactions
Curacaoan special purpose vehicles (SPVs) are commonly used in both cross–border financing transactions as well as in Curacao domestic financing transactions.
THE ANNUAL ACCOUNTS OF A LARGE CURACAO COMPANY
- July 25, 2011 5:10 PM
Stricter rules for large companies
Under Curacao law the annual accounts of limited liability companies which do not qualify as so called large companies, need to be prepared in accordance with generally accepted standards and shall provide sufficient insight as to enable a sound judgment to be formed regarding the assets and the results and, to the extent the nature of the annual accounts so permit, regarding the solvency and liquidity of the company (article 2:116 (4) Curacao Civil Code).This is comparable to the principles of good business practice (goed koopmansgebruik).
No unlawful acts by Schotte or Tromp
- July 25, 2011 5:05 PM
The investigation by national detectives into both Curaçao Prime Minister Gerrit Schotte (MFK) and Central Bank director Emsley Tromp based on allegations back and forth did not turn up any unlawful acts by either.
Judge deals with injunction to prevent oil terminal in "Farm" on St. Eustatius
- July 25, 2011 4:59 PM
The court of First Instance convened in the courtroom of the Government Guesthouse in St. Eustatius, Thursday, to hear the injunctions filed against the possibility outlined in the St. Eustatius Spatial Development Plan to construct a new oil terminal in the area known as The Farm.
Norwin Willem still has to pay fuel clause on Bonaire
- July 25, 2011 4:57 PM
The Court orders Norwin Willem to pay his electricity bill in full.
Navarro resigns as commissioner of Central Bank
- July 06, 2011 10:22 AM
Attorney Nelson Navarro has resigned as member of the Board of Commissioners (RvC) of the Central Bank of Curaçao and St. Maarten (CBSC). According to Navarro, he wants to avoid any possible pretence of conflict of interest.
VBC: "Government is eliminating foundations of society"
- July 06, 2011 10:18 AM
According to the Business Association Curaçao (VBC), all signs indicate that the current government policy is focused on eroding and/or eliminating the foundations and the infrastructure on which the Curaçao society is built.
Capella lost summary proceedings against Curoil
- July 06, 2011 10:13 AM
The Court ruled yesterday that Curoil does not have to pay former director Gensley Capella any salary until a judgement is given in the basic procedure around his departure with the government NV. Moreover, Capella is to return the company car and fuel card.
Consequences of the dismantlement of the Netherlands Antilles for trademark registration and protect
- July 06, 2011 9:59 AM
As you may be aware, on 10 October 2010, the Netherlands Antilles, comprising the islands of Curaçao, Sint Maarten, Bonaire, Saba and Sint Eustatius (the “Islands”), has formally ceased to exist. These reforms have a major impact on local legislation, which will also affect current and future trademark holders.
In samenwerking ligt de kracht én de toekomst!
- July 01, 2011 7:25 AM
Heden hebben Karel Frielink (Spigthoff Advocaten en Belastingadviseurs) en Mirto F. Murray (SMS Advocaten) een exemplaar van hun boekje „Twee Curaçaose Meesters. Varia Juridica‟ aangeboden aan de Gouverneur van Curaçao, mr. F. Goedgedrag, en aan de President van het Gemeenschappelijk Hof van Justitie, mevrouw mr. L. Hoefdraad.