THE RIGHT OF PLEDGES IN THE EVENT OF A BANKRUPTCY UNDER DUTCH CARIBBEAN LAW
Pledgee may exercise rights as if there is no bankruptcy
Article 53 paragraph 1 of the Bankruptcy Act of the Netherlands Antilles states that a pledgee can exercise its rights as if there is no bankruptcy. Permission or co-operation of the trustee in bankruptcy is not required.
Article 53 paragraph 2 of the Bankruptcy Act, however, provides […]
Filed under: legal by Karel.Frielink
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