NEWSLETTER
NETHERLANDS CARIBBEAN BANKS AND REGULATORY ISSUES
- November 30, 2009 5:55 AM
A bank has less freedom than an ordinary legal entity
What would be the requirements, from a regulatory point of view, if a Netherlands Antilles bank wished to sell its entire business or a substantial part thereof? Would it require approval from the Netherlands Antilles Central Bank (de ‘Bank van de Nederlandse Antillen’)?
HELP MAKE CURACAO ABLED
- November 24, 2009 3:02 AM
The Laura and Wagner Foundation Fundraising Evening
On Thursday December 3, 2009, the Laura and Wagner Foundation are holding a fundraising evening at the Netherlands Antilles Central Bank.
THE DUTCH CARIBBEAN AND ITS CIVIL LAW SYSTEM
- November 24, 2009 2:56 AM
Abstract rules are the starting point
The Netherlands Antilles are an autonomous part of the Kingdom of the Netherlands. The Kingdom of the Netherlands is composed of three parts: the Kingdom in Europe (popularly known as Holland, north of Belgium and west of Germany), the Netherlands Antilles (in the Caribbean Sea, north of Venezuela), and Aruba (also in the Caribbean Sea, north of Venezuela).
THE ARTICLES OF ASSOCIATION OF A DUTCH CARIBBEAN LEGAL ENTITY (III)
- November 16, 2009 6:19 AM
Case law the principle of good faith
A legal entity and all involved in its organization have a legal duty to behave towards each in accordance with the principles of reasonableness and fairness, i.e. (objective) good faith.
THE ARTICLES OF ASSOCIATION OF A DUTCH CARIBBEAN LEGAL ENTITY (II)
- November 09, 2009 4:17 AM
Limitations on the applicability of provisions
As a general matter of Netherlands Antilles law, the interpretation of terms contained in legal documents, such as the articles of association and the by-laws, however only to a certain extent, inter alia subject to the intention of the parties, and the enforcement thereof, is subject to the overriding principle of “fairness and reasonableness” (in Dutch: “redelijkheid en billijkheid”) meaning that under certain circumstances a term of the articles of association or by-laws may not be applicable in so far as this term would in such circumstances be contrary to this principle.
THE ARTICLES OF ASSOCIATION OF A DUTCH CARIBBEAN LEGAL ENTITY (I)
- November 09, 2009 4:13 AM
Ranging from basic to extremely complex
Under the laws of the Netherlands Antilles, public and private limited liability companies (NVs or BVs), foundations, co-operatives, mutual insurance societies and associations are considered legal entities.
Procesvertegenwoordiging in de overzeese praktijk
- November 03, 2009 4:08 AM
geschreven door Cindy de la Fuente
donderdag, 29 oktober
In de Nederlandse Antillen en Aruba bestaat geen verplichte procesvertegenwoordiging. Niet in eerste aanleg en ook niet in hoger beroep. Het is dus altijd de vraag door wie partijen vertegenwoordigd zullen worden in een gerechtelijke procedure.
BREACH OF CONTRACT IN THE DUTCH ANTILLES (V)
- November 02, 2009 4:51 AM
Restrictions on termination
With regards to damages, the aim thereof is generally to restore the creditor to the position he would have been in had the contract been fulfilled. In case of breach of contract, the damages will usually be assessed by considering the situation the creditor would be in if restored to the position he would have been in had the contract been performed properly, by looking at costs incurred, wasted expenditure, any loss of profits etc
BREACH OF CONTRACT IN THE DUTCH ANTILLES (IV)
- November 02, 2009 4:49 AM
Non-performance as a response to non-performance
Whenever a party to a contract is faced with non–performance by the other party, the party’s first reaction might well be to suspend its part of the contract. In the legal sense of the word, suspending or withholding performance may be described as both a defense and a self help remedy, which a party can use when the other party does not perform its obligations under the contract.
BREACH OF CONTRACT IN THE DUTCH ANTILLES (III)
- November 02, 2009 4:46 AM
Different cases of breach of contract
Any question of breach starts with an inquiry into the type of obligation at hand. It is necessary to know more about the type of obligation at hand in order to determine whether a party has failed to perform that obligation.
BREACH OF CONTRACT IN THE DUTCH ANTILLES (II)
- November 02, 2009 4:45 AM
Entitlement to specific performance
Under the Netherlands Antilles Civil Code the demand for specific performance is not a remedy for breach of contract in a strictly legal technical sense. In this system the entitlement to specific performance is a consequence of the duty to perform a (contractual) obligation.
BREACH OF CONTRACT IN THE DUTCH ANTILLES (I)
- November 02, 2009 4:34 AM
Failure to properly perform
Under the Netherlands Antilles Civil Code (CC) breach of contract is defined as a failure to properly perform, perform on time, or to perform at all, which failure is attributable to one of the parties If a debtor breaches his obligations there are various courses of action available to the creditor.
Amsterdam Court of Appeal on liability of trust directors
- October 29, 2009 2:37 PM
Trust directors not treated differently from regular directors
The board of directors of an NV or BV may contractually agree to a limitation of its powers to manage the company. Such arrangements are typical for trust offices engaged by a foreign ultimate beneficiary to render services to ‘his’ company, i.e. the client of a trust office.
Recht: Arbeidsovereenkomst voor onbepaalde tijd op Aruba
- October 19, 2009 6:46 AM
door Misha Bemer
Arbeidsovereenkomsten in Aruba zijn doorgaans overeenkomsten voor onbepaalde tijd.
European Court of Justice on protection of minority shareholders
- October 15, 2009 6:32 AM
According to the European Court of Justice, in its decision of 15 October 2009, community law does not include any general principle of law under which minority shareholders are protected by an obligation on the dominant shareholder, when acquiring or exercising control of a company, to offer to buy their shares under the same conditions as those agreed when a shareholding conferring or strengthening the control of the dominant shareholder was acquired.
Modernization Aruba Civil Code
- October 06, 2009 5:58 AM
On September 21, 2008 the Government appointed a Commission that advises on modernization of the Aruba Civil Code presented its findings to the minister of Justice of Aruba.
Good Corporate Governance on Sint Maarten
- October 05, 2009 1:48 PM
On October 2, 2009 Mr. Karel Frielink held a lecture on Sint Maarten entitled ‘Good Corporate Governance op Sint Maarten: wordt het een lange of korte weg van papier naar praktijk?’
'Curaçao, the Netherlands Antilles and the Kingdom: a look through the constitutional prism'
- September 30, 2009 11:11 AM
by Ben Gardner and Jeremias Prassl (Harvard Law School LL.M. Class of 2009)
âOrde: Armoede op Curaçao bedreiging voor de rechtsstaatâ
- September 28, 2009 6:14 AM
Ter gelegenheid van de installatie van een viertal rechters bij het Gemeenschappelijk Hof van Justitie van de Nederlandse Antillen en Aruba op vrijdag 25 september j.l. hield de Deken van de Orde van Advocaten Curaçao, mr. Karel Frielink, de volgende rede.
Minderheidstalen in het Koninkrijk
- September 22, 2009 5:43 AM
Geschreven door Cindy de la Fuente
donderdag, 17 september 2009
Recent heeft de Minister van Binnenlandse Zaken en Koninkrijksrelaties op vragen van de Kamer geantwoord dat bij de vastlegging van de Nederlandse taal in de grondwet, ook aandacht zal worden besteed aan de positie van het Engels, Fries en Papiamento. Het Papiamentu heeft zij niet genoemd.