Aruba asks U.S. to lift sanctions affecting refinery financing

February 25, 2019 3:18 PM
ORANJESTAD - Aruba is asking the United States to lift financial sanctions blocking a Citgo Petroleum Corp oil refinery from financing an overhaul project, which has led to job cuts on the Caribbean island, the nation’s prime minister said on Monday.
 
Prime Minister Evelyn Wever-Croes said at a media briefing that the United States initially ruled out a relaxation of sanctions, which this month led to a halt on a $685 million renovation project that was started in 2016.
 
The island government is expecting a final answer this week on its request to allow between $15 million and $20 million be invested in the project, Wever-Croes said, adding that the money would allow for the recall of the workers.
 
Citgo, as a unit Venezuela’s state-run oil company, Petroleos de Venezuela SA, is subject to financial sanctions imposed by the United States on the country’s government and PDVSA, designed to oust Venezuela’s socialist president, Nicolas Maduro.
 
Citgo Aruba Refining signed a 15-year lease with the government of Aruba, agreeing to refurbish and reopen an idled 209,000-barrel-per-day refinery. That work was halted earlier in February and employees laid off because of the U.S. sanctions.
 
A first round of sanctions on Venezuela and PDVSA in 2017 had caused delays to the project.

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.