NEWSLETTER
Pollution by Curacao Refinery
- February 22, 2010 5:35 AM
The Court of First Instance of Curaçao on 28 May 2009 in civil interlocutory proceedings rendered a judgment, whereby Isla, the operator of the Curaçao Oil Refinery (“Isla”) was ordered to lower its emissions by 2010, failing which penalties would be incurred.
ORDINARY VERSUS SUMMARY PROCEEDINGS IN ARUBA
- February 21, 2010 12:40 PM
Interlocutory or summary proceedings provide for immediate relief
Article 110 of the Netherlands Antilles and Aruba Code of Civil Procedure (‘the Code’) provides that all adversarial proceedings shall be initiated by means of a petition to the court of first instance. Proceedings so initiated are ordinary proceedings a.k.a. proceedings on the merits.
THREE QUESTIONS ON ARUBAN BANKRUPTCY LAWS
- February 21, 2010 12:35 PM
Question 1
In which cases and by whom may bankruptcy proceedings be initiated in accordance with Aruban bankruptcy law?
ARUBAN LAW REGARDING CORPORATE AUTHORITY
- February 09, 2010 5:01 AM
The Aruba Trade Register should be checked
The laws of Aruba provide that, subject to restrictions laid down by any statutory provision or a corporation’s articles of association, the board of directors of a company shall be competent to represent the company, i.e. a limited liability company (NV, AVV or VBA).
Het huwelijk
- February 02, 2010 5:21 AM
Het artikel dat Amigoe publiceerde op 18 januari 2010, eindigde met de conclusie dat een op Aruba geboren Nederlander of genaturaliseerde ( hierna: niet-toelatingsplichtige) Nederlander in beginsel buiten Aruba zal moeten trouwen tenzij…
EUROPEAN COURT OF JUSTICE ON INSIDER DEALING
- February 02, 2010 4:59 AM
Market Abuse Directive defines insider dealing objectively
The European Court of Justice, in its decision dated 23 December 2009 (Case C‑45/08; Spector Photo Group NV and Chris Van Raemdonck versus Commissie voor het Bank-, Financie- en Assurantiewezen (CBFA)), has clarified the elements of insider dealing following a request from the Court of Appeal of Brussels.
In memoriam Joop Komdeur
- February 01, 2010 7:00 AM
Toch nog onverwacht vernamen wij van het overlijden van Mr. Ir. J. (Joop) Komdeur op 27 januari j.l. Wij bewaren bijzondere herinneringen aan Joop, met wie we in mei vorig jaar nog een speciaal interview hadden.
Private Foundation
- January 26, 2010 5:46 AM
By Xandra Kleine-van Dijk, Tax Adviser Spigthoff Curacao
FOREIGN CLAIMS SECURED BY ARUBAN SECURITY RIGHTS
- January 25, 2010 6:04 AM
The foreign law governed claim must be sufficiently identifiable
Many financing arrangements are of a cross-border nature. For instance, a loan agreement governed by English law with the loan secured by a right of pledge governed by the laws of Aruba. This raises all kinds of questions.
In liefde en (verkiezings)oorlog is alles geoorloofd
- January 19, 2010 4:38 AM
geschreven door Cindy de la Fuente
woensdag, 13 januari 2010
Op 22 januari 2010 moet de Curaçaoënaar weer naar de stembus. Ditmaal om te kiezen voor de leden van de Staten van de Nederlandse Antillen.
DRAG-ALONG RIGHTS UNDER THE LAWS OF ARUBA
- January 18, 2010 10:09 AM
Drag-along rights may be validly created
On January 1, 2009 the new Aruba Ordinance on companies with limited liability (vennootschap met beperkte aansprakelijkheid; VBA) became effective.
De zin en onzin van de Antilliaanse huurbescherming
- January 12, 2010 6:49 AM
geschreven door Cindy de la Fuente
donderdag, 17 december 2009
Net als in Nederland wordt ook de huurder in de Antillen en Aruba beschermd. Een klein verschil is dat de hier toepasselijke regelgeving – de Huurcommissieregeling - dateert uit 1939 en is gebaseerd op Nederlandse regelgeving uit 1917.
RECHT: De huur van een woning
- January 11, 2010 2:32 PM
De bescherming die het huurrecht een huurder van een woning biedt is menig verhuurder een doorn in het oog.
THE SELLING OF SHARES BY A DUTCH CARIBBEAN COMPANY
- January 04, 2010 5:24 AM
Answers to foreign counsel queries
A Netherlands Antilles company (NV or BV) may have assets, both local and foreign. Not seldom such a company wants to sell all or a portion of its assets.
A COMPARISON OF THE DUTCH BV AND THE DUTCH ANTILLEAN BV
- December 29, 2009 11:53 AM
There are similarities and differences
There are certain similarities between the Dutch and the Antillean BV, in fact they are fundamentally the same type of entity. The main object of the Antillean legislator was, however, flexibility and maximum freedom of organization and presentation.
Nobel Winds & Breezes
- December 24, 2009 3:43 AM
Let’s talk about winds. Nobel winds. Nobel winds and breezes. Sometimes law even has something to say about the wind, for instance, when you consider building or buying a wind farm at a certain site.
THE INCORPORATION OF A NETHERLANDS CARIBBEAN LIMITED LIABILITY COMPANY
- December 14, 2009 4:21 AM
Incorporating an NV or BV is not a hassle
The act on corporate law (Book 2 Netherlands Antilles Civil Code) governs the NV (‘public limited liability company’) and BV (‘private limited liability company’).
THE CUSTODY OF SECURITIES IN THE NETHERLANDS CARIBBEAN
- December 07, 2009 6:20 AM
Separate legal entity
Generally, securities that must be held by a Netherlands Antilles bank on behalf of its clients will be held by a custodian. In most cases the custodian is either a foundation (‘stichting’) or a wholly owned subsidiary (NV or BV) of the bank.
NETHERLANDS CARIBBEAN BANK N.V. IN LIQUIDATION
- December 02, 2009 3:03 PM
Notice of Filing Final Account