Venezuela’s Guaido aims at control of PDVSA, Citgo as U.S. imposes sanctions

January 29, 2019 10:38 PM
CARACAS – Venezuelan opposition leader and self-proclaimed president Juan Guaido ordered congress on Monday to appoint new boards of directors to state oil company PDVSA and U.S. subsidiary Citgo, shortly before the United States imposed sanctions on the firm.
 
The moves were aimed at intensifying pressure on President Nicolas Maduro, who was re-elected last year in a contest widely seen as fraudulent.
 
Guaido proclaimed himself president last week, but without a source of revenue or control of the military, he faces difficult odds in assuming the post, despite support across most of the Western Hemisphere.
 
Guaido, who has not yet appointed a Cabinet, faces the intricate legal challenge of nominating new leadership for PDVSA and its subsidiaries, including Citgo Petroleum, who would manage the companies during a transition.
 
The White House’s measures to freeze PDVSA’s U.S. assets, including proceeds from oil exports, and limit the company’s transactions are an attempt to largely cut off Maduro’s access to oil revenue that accounts for most of the country’s income in hard currency.
 
U.S. refineries in the United States can receive Venezuelan oil already paid for and currently at sea, Treasury Secretary Steven Mnuchin said.
 
“If the people in Venezuela want to continue to sell us oil, as long as the money goes into blocked accounts we will continue to take it. Otherwise, will we not be buying it,” Mnuchin told reporters in Washington on Monday.
 
Reuters

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.