LIABILITY OF SHAREHOLDERS, DIRECTORS AND DIRECTORS-IN-FACT 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

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