TRADE-BASED MONEY LAUNDERING

More Trade Transparency Units Needed

Smuggling and trade fraud are on the rise, according to Viêt Nam News (27 October 2015). The Telegraph reports that the authorities in China have arrested 21 people on suspicion of defrauding almost one million Chinese investors of 50bn yuan (£5.3 billion) after an online peer-to-peer lender turned out to be a giant Ponzi scheme (1 February 2016). Money laundering and fraud seem to be on the increase. Trade-Based Money Laundering (TBML) is one of the big threats facing us today.

According to Premium Times (21 December 2015; Read the rest »

02
Feb 2016
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CONSOLIDATED BANKRUPTCY

Creditors, stay alert!

Aruba, Curaçao, St. Maarten and the BES-islands (Bonaire, St. Eustatius and Saba) will together be referred to as the Dutch Caribbean, although each has its own set of laws.

Bankruptcy in general serves the purpose of liquidating assets of a particular person or legal entity and distributing the proceeds among the combined creditors. Sometimes, several companies belonging to one and the same group of companies go bankrupt. In principle, the trustee in bankruptcy has to administer and liquidate the assets of each of the bankrupt estates individually.

When multiple companies of the same group go bankrupt, it …
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01
Feb 2016
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INTERNATIONAL ARBITRATION IN THE DUTCH CARIBBEAN

The UNCITRAL Model Law is applicable

Parties with a legal dispute can turn to the public court system to settle the dispute; however, instead of bringing a lawsuit in a public court, they can also opt for arbitration. Arbitration is a form of private dispute settlement in which the parties instruct one or more persons (arbitrators) to render a binding decision on their dispute. The arbitrators may be jurists, but they can also be laypersons. People with specific expertise or experience in a certain branch or industry are often chosen as arbitrator.

Parties can include a so-called arbitration clause in …
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06
Jan 2016
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THE GOOD, THE BAD AND THE BOSS

Three different personas during testimony

There are matters to consider before you enter a courtroom as plaintiff, defendant or witness: for instance, what you say, your body language, how you present yourself and what you wear. The judge will be watching you. You don’t believe me? Read for yourself!

The judge about the defendant:

Murdock tried out three different personas during his testimony. During his deposition, he showed the true force of his domineering personality. During the first day of trial, Murdock tried to appear more reasonable and conciliatory on direct, but on cross-examination, he could not resist being combative. He denied …
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15
Dec 2015
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KAREL FRIELINK FULL MEMBER OF STEP

Trust and Estate Practitioner

The Society of Trust and Estate Practitioners (STEP) was founded in 1991 by George Tasker as a hub for local forums of practitioners. STEP is the international professional body for those who work in the trust industry and the (often overlapping) field of estate administration. Its members are mainly solicitors, barristers, attorneys, accountants, trust officers and trust administrators as well as banking and insurance professionals in the trust field.

The main focus of the organization is to administer the examination process to ensure the quality of the membership, to provide educational and networking opportunities …
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10
Dec 2015
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VEROORDELING VERZWEGEN BIJ SOLLICITATIE

Aangenomen maar alsnog ontslagen

Als je solliciteert hoef je niet alles aan je potentiële werkgever te vertellen. Er zijn bovendien onderwerpen waarnaar een werkgever niet eens mag vragen, zoals seksuele geaardheid en of je zwanger bent.

Maar als je strafrechtelijk bent veroordeeld voor valsheid in geschrifte kan dat anders liggen. Dat ondervond X, die solliciteerde voor een belangrijke functie bij een overheidsstichting, maar verzweeg dat hij in hoger beroep was veroordeeld wegens valsheid in geschrifte en zich schuldig had gemaakt aan fraude met gemeenschapsgelden, en dat zijn strafzaak nog in cassatie aanhangig was.

X was door de overheidsstichting aangenomen, en …
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13
Nov 2015
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LEGAL DOCUMENTS ARE HARD TO READ DUE TO LEGALESE LANGUAGE

Lawyers must learn to communicate with their clients

Communication skills are particularly important for lawyers. On the one hand lawyers have to accurately debate legal issues with like-skilled/trained people and on the other hand they have to explain all this to people without any legal education, many of which are vulnerable. That is not as easy as it sounds: legalese vs plain language.

I know that many people are dissatisfied and frustrated by lawyers’ communication efforts. I asked one of my networking contacts what she could teach a lawyer / attorney. Her response:

“I have worked with lawyers in my …
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02
Nov 2015
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THE CONSTITUTIONAL LAW OF ST. MAARTEN

According to constitutional law it is simple and difficult at the same time

The following is simple:

Section 33 Constitution of St. Maarten:

  • The Prime Minister and other Ministers are appointed and dismissed pursuant to a national decree.
  • If a Minister no longer has the confidence of the States, he will resign from his post.
  • With regard to the second subsection further rules can be laid down in a national ordinance.
  • The States can only reject a draft national ordinance or decide not to put forward a proposal of such a draft with two-thirds of the votes of its current …
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  • 20
    Oct 2015
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    BEROEPSAANSPRAKELIJKHEID ADVOCAAT

    Oordeel Hoge Raad

    Op 18 september 2015 wees de Hoge Raad arrest in een zaak waarin een advocaat, wiens BV maat in een maatschap van advocaten is (partner), en een advocaat in dienstbetrekking door een (voormalige) cliënt van de maatschap aansprakelijk waren gesteld vanwege een beroepsfout (ECLI:NL:HR:2015:2745).

    De (inmiddels voormalige) cliënt (eiser) had een opdracht verstrekt aan de maatschap van advocaten, en in dat verband ook een opdrachtbevestiging getekend. De aansprakelijk gestelde advocaten, de verweerders (een advocaat die via een eigen BV maat in de maatschap is en een advocaat in dienstbetrekking), hebben de werkzaamheden verricht. En zij zijn aansprakelijk gesteld vanwege een …
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    20
    Oct 2015
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    HET STAATSRECHT VAN SINT MAARTEN

    Staatsrechtelijk is het simpel en moeilijk tegelijk

    Op de Naar mijn mening-pagina is vandaag een stukje geplaatst naar aanleiding van de recente (staatsrechtelijke) ontwikkelingen in Sint Maarten.

    Karel Frielink

    (14 oktober 2015)

    .

    Ps (16 October 2015)

    The second Vice President of Parliament Hon. Cornelius de Weever, on Thursday, 15th October, has sent a letter to the Members of Parliament (MPs) requesting additional information with respect to a convocation for an urgent meeting of the House of Parliament.

    The letter reads as follows:

    I have taken note of your Convocation for an urgent meeting of Parliament …
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    14
    Oct 2015
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    THE DIFFICULTY OF ENFORCING JUDGMENTS

    Michael Redman on the challenges of enforcing judgments

    Michael Redman of Burford Capital has written an interesting article on the challenges of enforcing judgments, which was published in the October 2015 issue of Litigation Funding (click here).

    As far as the Dutch Caribbean (Aruba, Bonaire, Curaçao, St. Maarten, St. Eustatius and Saba) is concerned, the enforcement of a judgment rendered by for instance an English court will be subject to the provisions of the Convention between the Kingdom of the Netherlands and the United Kingdom and Northern Ireland regarding Mutual Recognition and Enforcement of Judgments in …
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    13
    Oct 2015
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    ATTACHMENTS UNDER THE LAWS OF CURACAO (part II)

    Defendant has to show that the claim is invalid

    Article 705, Paragraph 2 of the Curaçao Code of Civil Procedure states that the lifting of an attachment may be ordered if it appears summarily that the claim is invalid.

    According to existing case law of the Dutch Supreme Court (see for instance Supreme Court dd June 14, 1996, NJ (Dutch Law Reports) 1997, 481), this means that the plaintiff (i.e. the party requesting the attachment be lifted in summary proceedings), with due regard for the limitations of summary proceedings, should establish a prima facie case (aannemelijk maken) that the alleged …
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    07
    Oct 2015
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