Month: June 2006

SEC Rules called ‘arbitrary’ The rules requiring most U.S. hedge funds to register with the SEC were struck down on 23 June 2006 by the U.S. Court of Appeals for the District of Columbia. This is a setback for the Securities and Exchange Commission (SEC). The Court called the rules requiring hedge funds with more… Continue reading UNITED STATES COURT OF APPEALS OVERTURNS SEC HEDGE FUND REGISTRATION RULES

More strict anti-money laundering regulations to be expected When you need to send money (from one country to another) you can use a company that offers money transfer services. In order to set up money transfer companies in the Netherlands Antilles, a license is required. To get such license, one has to comply with many… Continue reading MONEY TRANSFER REGULATIONS IN THE NETHERLANDS ANTILLES

Shareholder influence doesn’t necessarily cause liability Shareholders are not personally liable for the liabilities of a company. As we have seen in the previous posting, sometimes they can be hold liable though. However, the single fact that a shareholder provides a contribution to the policy and management of its subsidiary, or acts as the actual… Continue reading SHAREHOLDERS’ LIABILITY UNDER THE LAWS OF THE NETHERLANDS ANTILLES

Several grounds for liability Under Netherlands Antilles law a company is recognized as being a separate legal entity for whose debts its shareholders are not liable. This is laid down in legislation. The Civil Code provides explicitly that shareholders are not personally liable for the liabilities of the legal person, except when the law provides… Continue reading LIABILITY OF SHAREHOLDERS, DIRECTORS AND DIRECTORS-IN-FACT UNDER THE LAWS OF THE NETHERLANDS ANTILLES

Trade mark rights help to protect business interests A trademark is a type of industrial property. It is a distinctive sign of some kind (e.g. a symbol, word or logo) that enables the user to distinguish his business and his products or services from those of others. Under Netherlands Antilles civil law, the right of… Continue reading PROTECTION OF TRADEMARK RIGHTS UNDER THE LAWS OF THE NETHERLANDS ANTILLES

Specific formalities apply On March 1, 2004, Book 2 Netherlands Antilles Civil Code (“NACC”) came into effect. Articles 303 through 305 NACC provide for a system of change of corporation form, and replaces the system of transfer of registered office. Under the system of change of corporation form, a company changes its current Netherlands Antilles… Continue reading CHANGE OF CORPORATION FORM OF A NETHERLANDS ANTILLES COMPANY

Will other courts follow? Ian Best, who recently graduated from law school at Ohio State University, compiled a list of American court cases that cited legal blogs. He has listed the cases, and then hyperlinked each case to an excerpt which contains the blog citation. Furthermore, he has made the blog citations “active” by linking them… Continue reading U.S. COURTS CITING LEGAL BLOGS

The good faith principle is leading In actual practice franchises frequently bare resemblance to (certain aspects of) distribution agreements. Hence, what are called ‘franchises’ are not seldom mixed type agreements, consisting of a franchise and of a distribution element.   Franchise agreements are not defined in any Netherlands Antilles statute. The franchise agreement is an… Continue reading THE TERMINATION OF A FRANCHISE AGREEMENT UNDER THE LAWS OF THE NETHERLANDS ANTILLES

加勒比地区的中心 加勒比地区的珍珠 库拉索岛虽然最近在财政和电子商务领域都发生了革命性的变革，这个岛屿仍然是加勒比地区的中心和加勒比地区的珍珠，岛上遍布外国出口商，尤其是来自亚洲（中国、日本、新加坡、印度）的出口商。特别值得这些出口商考虑的是把库拉索岛作为一个向拉丁美洲出口的中转地。库拉索岛在贸易的路途上有得天独厚的优势。 库拉索岛可以提供许多（地区性的）优势，比如： * 加勒比海地区和拉丁美洲的物流中心； * 高质量的人力资源； * 良好的财政环境； * 完备的国际银行和金融服务； * 荷兰王国的一部分； * 完整的电子及解决方案； * 优良的基础设施。 库拉索岛是通往拉丁美洲的大门。

カリブ海の中心地に浮かぶ真珠 最近の財務およびEコマースの法的枠組における革命的な変化にも関わらず、キュラソー島は外国の輸出国、とりわけアジア（中国、日本、シンガポール、インドなど）の輸出国には、広い範囲でまだよく知られていません。 特にこれらの輸出国は、キュラソー島を拠点としてラテンアメリカへの輸出を考慮すべきです。 キュラソー島は、ラテンアメリカ、アジア、米国、および欧州間の取引における交差路として、理想的な立地条件を誇っています。 キュラソー島には以下のような多数の（地域上の）メリットがあります。 * カリブ海およびラテンアメリカのロジスティックセンター * 高い資格を持った人材 * 非常に有利な財務環境 * 広範な国際銀行業務および金融サービス * オランダ王国の領土であること * 総合的なE ソリューション * 素晴らしいインフラ キュラソーはラテンアメリカへの玄関口です

Emotional damages In relation to emotional damages the Civil Code (“CC”) is applicable. The articles 6:95 and 6:106 of the CC provide for the legal basis for claiming emotional damages. Article 6:95 CC states that damages which have to be compensated as a result of a statutory obligation consist of i) financial loss or ii)… Continue reading COMPENSATION FOR ‘PAIN AND SUFFERING’ UNDER THE LAWS OF THE NETHERLANDS ANTILLES AND ARUBA