Central Bank cancels NAf. 26M bond issue

October 08, 2016 10:45 AM
WILLEMSTAD/PHILIPSBURG--The Central Bank of Curaçao and St. Maarten has cancelled the bond issue on behalf of the Government of St. Maarten.
 
The bond issue was planned for Wednesday, October 12, regarding a NAf. 26 million, 0.60 per cent sinking bond with duration of 25 years.
 
This issuance has been cancelled by the St. Maarten Government.
 
“The raising of funds through this vehicle is no longer necessary,” according to a Central Bank statement issued on Friday.
 
Democratic Party (DP) leader Member of Parliament (MP) Sarah Wescot-Williams has fired off questions about the cancellation to Finance Minister Richard Gibson Sr. via Parliament.
 
Wescot-Williams, in a press release, described the Central Bank’s notice of the cancellation as a “terse statement.”
The bond was originally issued to pay off projects pre-financed by Windward Roads Infrastructure and MNO Vervat. The original bond issuance paid off those companies. The now cancelled October 12 bond would have been a re-financing of the original bond.
 
“Why was this bond issue cancelled? What are the outstanding amounts to the contractors mentioned above and for which projects specifically,” she asked in her letter.
 
A copy of the cancelation request was also sought by the MP who expressed hope that the Minister’s response will be received “post haste.”

Lawyer Roeland Zwanikken considers legal action against ABN AMRO Bank

May 08, 2021 6:14 PM
THE HAGUE--Attorney-at-law Roeland Zwanikken at St. Maarten’s BZSE law office is considering legal action against the intention of the Dutch ABN AMRO Bank to close the bank accounts of its clients in the Dutch Caribbean.

Fiscaal onderzoek bij notariskantoren vinden doorgang

May 07, 2021 8:04 AM
In het Antilliaans Dagblad: Fiscaal onderzoek bij notariskantoren
WILLEMSTAD – De fiscale onderzoeken bij de notarissen vonden en vinden, ondanks de beperkingen van Covid-19, weer doorgang en de medewerking aan de kant van notarissen en adviseurs is daarbij ‘over het algemeen goed’.

Juridische miljoenenstrijd tussen BNP Paribas en Italiaanse prinses verhardt

February 22, 2021 4:51 PM
  • Bezit van Italiaanse Crociani-familie op Curaçao mag van rechter worden verkocht
  • De Crociani's ruziën al jaren met BNP Paribas over een claim van $100 mln
  • Curaçaos trustkantoor United Trust heeft 'geen enkele relatie meer' met Camilla Crociani
Een Italiaanse prinses met zakelijke belangen in Nederland heeft het onderspit gedolven bij diverse rechtbanken in een langslepend conflict met zakenbank BNP Paribas.