The composition must be adopted by the creditors and be approved by the court Under Netherlands Antilles and Aruban law, a moratorium of payment (‘surséance van betaling’) is a legal concept distinct and separate from bankruptcy (‘faillissement’). The Bankruptcy Ordinance (‘Faillissementsbesluit’) provides for two types of proceedings: bankruptcy in which the debtor’s assets are liquidated… Continue reading THE TERMINATION OF A MORATORIUM AS THE RESULT OF A COMPOSITION UNDER THE LAWS OF THE NETHERLANDS ANTILLES AND ARUBA
LAWYERS // TAX ATTORNEYS // ARUBA – BONAIRE – CURAÇAO – ST. MAARTEN