The Central Bank may apply for emergency measures
The Ordinance on the Supervision of Banking and Credit Institutions 1994 (the “Ordinance”) contains two important definitions:
“credit institution“: an undertaking or entity which as an important part of its business obtains moneys, whether repayable directly or in due course, whether in the form of savings or against issue [...]
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Replacing a trustee requires justification
The Netherlands Antilles or Aruban bankruptcy judge may at any time after having heard or after having properly summoned the bankruptcy trustee (‘curator’), dismiss the trustee and replace him by one or more other trustees. This can be done at the request of the debtor, the trustee himself, another trustee, one [...]
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Leading Dutch business journal “NRC Handelsblad” article on AESX and PPDAQ
1st August 2006
*Start capital on an Aruban exchange market
There is a capital market revolution going on in Aruba. Small start up companies can now raise funds at the electronic stock exchange platform AESX.
The scarcely lit law office of Andin Bikker is situated opposite the [...]
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No minimum or maximum number
Aruban law does not contain any provision as to the minimum or maximum number, nationality, residence etc. of the managing directors of an Aruba limited liability company (‘NV’). The only requirement that may be deducted from the Commercial Code of Aruba is that there is a board of managing directors. The [...]
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