A license is required According to Section 4 of the Aruba State Ordinance on the Supervision of the Credit System 1998 (SOSC), no enterprise or institution established in Aruba shall pursue the business of a credit institution unless it has obtained authorization to that end from the Central Bank. No enterprise or institution established outside… Continue reading CREDIT INSTITUTIONS IN ARUBA
Month: November 2011
1001 PROVERBIO
Papiamentu proverbs with English translation This book is a tribute to the colourful Papiamentu language. A language spoken by only 260.000 people on three islands of the former Dutch Antilles; Bonaire, Curacao and Aruba. Although this language is only spoken in a small region, this collection of proverbs shows how by use of creativity, humour… Continue reading 1001 PROVERBIO
LEGAL MERGERS IN CURACAO
The Curacao Civil Code provides for a simplified merger procedure The acquisition of a business enterprise may take place through the purchase of shares (take-over), the purchase of assets and liabilities or a legal / statutory merger. The Curacao Legal Code on corporate and other legal persons contains detailed provisions for mergers of companies limited… Continue reading LEGAL MERGERS IN CURACAO
UNITED NATIONS BASIC PRINCIPLES ON THE ROLE OF LAWYERS
The Basic Principles are considered to be a “soft-law” instrument The Basic Priciples on the role of lawyers were adopted by the Eighth United Nations Congress on the Prevention of Crime and the Treatment of Offenders, Havana, Cuba, 27 August to 7 September 1990. According to the preambule professional associations of lawyers have a vital… Continue reading UNITED NATIONS BASIC PRINCIPLES ON THE ROLE OF LAWYERS
THE CURACAO MEMBER-MANAGED COMPANY
The right form for small businesses Until March 1, 2004 only manager managed companies were known. According to the current Curacao Civil Code, the articles of a company may provide that such company be a member managed company, which is a company without a board of directors. The shareholders (members) are then in charge of… Continue reading THE CURACAO MEMBER-MANAGED COMPANY
NOMINATION TOP LAW BLOGS
Karel’s Legal Blog Nominated Each year, LexisNexis honors a select group of blogs that set the online standard for a given industry. Karel’s Legal Blog is one of the nominated candidates for the Top 25 International & Foreign Law Blogs of 2011, featured on the LexisNexis International & Foreign Law Community. Karel Frielink (1 November… Continue reading NOMINATION TOP LAW BLOGS