Day: January 19, 2006

Should their OCT status change to OMR? The Netherlands Antilles and Aruba are subject to the special European Union arrangement regarding the Association of the Overseas Countries and Territories (OCT status). In its coalition agreement of the summer of 2003 the Dutch government has committed itself to make an effort to acknowledge the Netherlands Antilles… Continue reading ARUBA AND THE NETHERLANDS ANTILLES ARE NOT MEMBERS OF THE EUROPEAN UNION

The ultimate recourse against a company not paying its debts The application for a bankruptcy order can be made either by the debtor itself or by one or more of its creditors. If the debtor is a company, according to article 8 par. 4 of the Code on corporate law and other legal persons, the… Continue reading FILING FOR BANKRUPTCY IN THE NETHERLANDS ANTILLES