PLEDGING FUTURE RECEIVABLES UNDER THE LAWS OF ARUBA

The pledgor must be authorized to dispose over the receivable
Under the laws of Aruba, a right of pledge can be established on future receivables, provided that such receivables directly result from an existing legal relationship (‘rechtstreeks zullen worden verkregen uit een bestaande rechtsverhouding’).
However, the right of pledge on a future receivable will only be perfected [...]

Filed under: legal by Karel.Frielink
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NEW DISCLOSING OBLIGATIONS FOR INSURANCE COMPANIES TRANSACTING BUSINESS IN THE NETHERLANDS ANTILLES

Consolidated financial information must be made public
The Netherlands Antilles Central Bank (‘Bank van de Nederlandse Antillen’) decided in March 2006, that each insurance company should disclose its 2005 Consolidated Financial Highlights (“CFH”) within 2 months after June 30, 2006, and starting as of year-end 2005, disclose its CFHs within 6 months after each calendar year-end. [...]

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