WHO IS TO BLAME FOR BLACK MONDAY?

That remains to be seen 

‘Blaming others is a sign of low self-esteem because in doing so we are not taking responsibility‘

On Monday 29 September 2008, the US House of Representatives rejected a $700 billion bailout plan aimed at stabilizing the financial system, i.e. a plan to let the least fit survive, triggering the largest point drop in Wall [...]

Filed under: Uncategorized by Karel.Frielink
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DUTCH CARIBBEAN REGULATORY FRAMEWORK

Central Bank monitors compliance
The regulatory rules and regulations in the Netherlands Antilles deal with credit institutions, investment institutions and administrators, insurers and insurance brokers, company pension funds, trust service providers, capital markets, anti-money laundering and identification, and foreign exchange control and license fees.
The Netherlands Antilles have one regulator: the Central Bank of the Netherlands Antilles [...]

Filed under: Securities by Karel.Frielink
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DECLARING DIVIDENDS IN THE DUTCH CARIBBEAN

Resolutions only marginally examined by the court
Directly connected to the approval of annual accounts, the general meeting of the NV (or BV, as the case may be) or any other body designated in the articles of incorporation, shall resolve the distribution or reservation of profits according to aforementioned annual accounts and the payment of any [...]

Filed under: Corporate by Karel.Frielink
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CAFE-RESTAURANT-PODIUM MAXIMA GEOPEND OP CURACAO

Cultureel & Culinar
Vandaag (17 september 2008) is Cafe-Restaurant-Podium “Maxima” geopend. Ik mocht het denkbeeldige lintje doorknippen door middel van een openingstoespraak.
“Maxima” is een initiatief van Errol Caprino, Simone Caprino-Arentz en Henk de Meza, en vormt een combinatie van een cafe, een restaurant en een podium. Culturele en culinaire activiteiten gaan hier hand in hand. Bij de podiumkunsten gaat het om [...]

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KEEPING, MAINTAINING AND RETAINING RECORDS FOR TAX PURPOSES IN THE DUTCH CARIBBEAN

Records must be kept for 10 years
Pursuant to article 43 of the Netherlands Antilles State Ordinance on National Taxes (Algemene Landsverordening Landsbelastingen, “GONT”) an entity is obliged to keep the records (‘administratie’) of its assets and liabilities that clearly show the rights and obligations at all times and that provide the data relevant to the [...]

Filed under: legal by Karel.Frielink
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PROVIDING INFORMATION TO THE DUTCH CARIBBEAN TAX INSPECTOR

Digital information is not sufficient
In general every company is obliged to supply the Tax Inspector with data and information that is or can be significant for levying taxes from that company. Regarding the aforementioned all data carriers or their content have to be made available at the request (and discretion) of the Tax Inspector.
Digital versions [...]

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THE DUTCH SUPERVISION ON TRUST COMPANIES (IV)

Identity of ultimate beneficiary must be known
According to the Order on Sound Operational Management (the Order)(‘Regeling integere bedrijfsvoering Wet toezicht trustkantoren’) pursuant to the ASTO, a trust office shall know the identity of the ultimate beneficial owner (‘UBO’) of an object company and keep the evidence used to determine who qualifies as the ultimate beneficial [...]

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THE DUTCH SUPERVISION ON TRUST COMPANIES (III)

Policy rule on integrity testing
The integrity of those having a certain interest in, or control over, a trust office (such as managers, supervisory directors and persons who determine or help determine policy) will be tested and their antecedents investigated (Article 3 of the Dutch Act on the Supervision of Trust Offices; ‘ASTO’). The test is [...]

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