Day: March 17, 2006

Certain requirements must be met Pursuant to the Netherlands Antilles Civil Code (article 6:127 et seq), the authority to set-off (‘verrekeningsbevoegdheid’), exists if (i) the receivable and the debt (a) are between the same parties and correspond with each other (‘aan elkaar beantwoorden’) and (b) fall in the same estate (‘vermogen’) at both ends and… Continue reading SET-OFF UNDER THE LAWS OF THE NETHERLANDS ANTILLES