UN PROSPERO AÑA NOBO 2016

Een voorspoedig Nieuwjaar

Un Próspero aña nobo

A Prosperous new year

Un próspero Año Nuevo

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BZSE-Nieuwjaarswens-DEC15

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01
Jan 2016
CATEGORY

Various

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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
CATEGORY

Legal

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BESTUURDERSAANSPRAKELIJKHEID

Symposium Sint Maarten 1 december 2015

Het Ministerie van Justitie te Sint Maarten en de Orde van Advocaten te Sint Maarten hebben op 1 december 2015 een symposium over Boek 2 van het Burgerlijk Wetboek van Sint Maarten georganiseerd.

De sprekers waren prof.mr. Peter van Schilfgaarde, prof.mr. Gerard van Solinge, mr. Jeroen Eichhorn en ikzelf. Mijn bijdrage ging over bestuurdersaansprakelijkheid. De tekst van mijn bijdrage is hier te vinden. Wat ik over het recht van St. Maarten te melden heb geldt ook voor Aruba, Curacao en de BES-eilanden.

Karel Frielink

(3 december 2015)

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03
Dec 2015
CATEGORY

Corporate

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THE DUTY OF CARE OF BANKS

Banks are under the obligation to exercise due care

In the Dutch Caribbean, no separately defined body of law exists with regard to the relationship between a (commercial) bank and its customer. The standard general terms and conditions applied by banks in the Dutch Caribbean have an important function in the legal relationship between banks and their customers. They enter into effect once explicitly or implicitly accepted by the customer.

According to most general conditions “the bank shall exercise due care on rendering its services. In doing so the bank shall reckon to the best of its ability with the client’s interests, …
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21
Nov 2015
CATEGORY

Finance

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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
CATEGORY

Legal

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BZSE – ST. MAARTEN DAY AD

No ship-jumpers!

Have you seen our ad in the newspaper earlier this week?

 

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(13 November 2015)

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13
Nov 2015
COMMENTS No Comments

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
CATEGORY

Legal

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ATTACHMENTS UNDER THE LAWS OF CURACAO (part I)

Freezing assets is rather easy

Under Curaçao law any party with a prima facie claim may file a petition for a court order granting an attachment, which petitions are generally granted, solely based on the allegations in the petition. It is not required, under Curaçao law, that the litigant needs to demonstrate that, in absence of an attachment, there is a risk that the defendant would have insufficient assets to pay a judgment, as a threat of evading a judgment (by moving assets etc.) does exist.

Only with respect to some types of assets, such as registered shares and other …
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29
Sep 2015
CATEGORY

Legal

COMMENTS No Comments

RESTRUCTURING, REFINANCING AND CREDITOR PROTECTION

Diligence is required

Especially in these times of global economic and financial turmoil, an international group of companies (or part thereof) might want to consider restructuring and refinancing its operations or may be already in the process of doing so. When considering or carrying out such plans, careful thought must be given to potential (legal) risks involved. For instance, in many jurisdictions specific statutory provisions exist regarding fraudulent preference actions, i.e. actions that prejudice (specific) creditors. Such provisions often also apply in full with respect to (individual companies belonging to) a group of companies, and should not be overlooked in …
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22
Sep 2015
CATEGORY

Finance

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OPPORTUNITIES TO MEET ME

Amsterdam, The Hague & Vienna

I am going to attend the following conferences:

  • Consular Conference – The Hague, 22 September 2015
  • InterExpo / 20th Trade Mission – Amstel Hotel Amsterdam, 23 – 25 September 2015
  • International Chamber of Commerce (ICC), FraudNet Conference – Vienna, Austria, 1 – 3 October 2015
  • IBA (International Bar Association) International Conference – Vienna, Austria, 4 – 7 October 2015
  • I hope to meet many colleagues and others from all over the world.

    Karel Frielink (Attorney/Lawyer, Partner)

    (17 September 2015)

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    17
    Sep 2015
    CATEGORY

    Legal

    COMMENTS No Comments

    FRAUD (part II)

    Legal forms of fraud

    The person who forges a diploma, agreement or identity document is guilty of a criminal offence. Although the concept of ‘fraud’ is only mentioned in relation to human trade in the Criminal Code of Curaçao, there are various offences which can have a relationship with fraud in the sense meant herein: forgery, embezzlement, swindle, (fraudulent) bankruptcy and bribery.

    In civil-law relationships the doctrines such as breach of contract, wrongful act, misleading advertisement, error and deception come to mind. In addition, there are lots of other Acts with special provisions such as tax law. I will pass …
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    12
    Sep 2015
    CATEGORY

    Legal

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    FRAUD (part I)

    Curaçao

    Fraud is an everyday occurrence. It is of all times, and a phenomenon that happens in every country. In discussions about fraud (and corruption) in Curaçao you regularly see that people refer to other countries, in particular to the Netherlands, to downplay this phenomenon here somewhat. The small number of criminal prosecutions and convictions are often mentioned. In this connection it is often said that they are of ‘a political nature’. Sometimes it is even alleged that someone’s integrity can only be discussed when there is a criminal conviction. We can delude ourselves a lot!

    In the event of …
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    08
    Sep 2015
    CATEGORY

    Legal

    COMMENTS No Comments