WHAT IS THE EFFECT OF ATTACHING SHARES UNDER THE LAWS OF THE NETHERLANDS ANTILLES?

Relative effect only
A conservatory attachment (or arrest) serves the purpose of trying to prevent a debtor from frustrating recovery by his creditor, for example, by alienating, removing, or hiding assets. However, under Netherlands Antilles law an attachment has a relative effect only: any subsequent transfer would be void in relation to the party that levied [...]

Filed under: legal by Karel.Frielink
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