FAILLISSEMENT VENNOOTSCHAP VERNIETIGD

Activa desondanks verkocht door curator

Op 11 november 2016 wees de Hoge Raad (ECLI:NL:HR:2016:2577) arrest in een Nederlandse faillissementszaak. De feiten komen in het kort hierop neer, dat een vennootschap op 20 augustus 2014 failliet is verklaard, dat het faillissement op 9 oktober 2014 in hoger beroep is vernietigd en dat het tegen die vernietiging gerichte cassatieberoep is verworpen bij arrest van de Hoge Raad van 6 maart 2015 (ECLI:NL:HR:2015:530).

Op of omstreeks 22 november 2014, dus na vernietiging van de faillietverklaring, heeft de curator zaken die in eigendom toebehoorden aan de vennootschap verkocht en geleverd aan een derde. De …
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12
Nov 2016
CATEGORY

Legal

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FOREIGN COMPANIES IN CURACAO BANKRUPTCY PROCEEDINGS

Principle of universality

In Curaçao, bankruptcy in general serves the purpose of liquidating assets of a particular person or legal entity and distributing the proceeds among the combined creditors. Under Curaçao insolvency law, the Curaçao courts have jurisdiction in respect of insolvency proceedings against legal entities that have their corporate seat in Curaçao and against any legal entity that carries on business or professional activities through an office in Curaçao. A foreign party can therefore be declared insolvent in Curaçao if it has a branch office in this jurisdiction. Whether or not a concurrent insolvency proceeding against that foreign party …
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16
Jun 2016
CATEGORY

Legal

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INSOLVENCY AND LIABILITY

Not (or late) filing for bankruptcy

In Curaçao, there is no statutory obligation for managing directors of a company to file for the bankruptcy of the corporation. Therefore, managing directors are not responsible to the creditors for damages sustained by them as a result of any ‘late’ filing for bankruptcy. There is no such obligation for shareholders of a corporation either.

However, creditors of the corporation may hold a director liable on the basis of tort if he entered into a transaction on behalf of the corporation while he knew, or should reasonably have known, that the corporation would not …
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13
Sep 2013
CATEGORY

Corporate

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THREE QUESTIONS ON ARUBAN BANKRUPTCY LAWS

FAQ

Question 1

In which cases and by whom may bankruptcy proceedings be initiated in accordance with Aruban bankruptcy law?

Filing for bankruptcy may be done either by the debtor itself or by one or more of its creditors. If the debtor is a company, generally speaking the managing directors do not have the authority to petition for bankruptcy of the company without authorization thereto from the general meeting.

The pre-requisites for making a bankruptcy order on application, regardless of whether the application is made by the debtor or by any of the other above mentioned persons, is, that the …
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13
Feb 2010
CATEGORY

Legal

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THREE QUESTIONS ON DUTCH CARRIBBEAN BANKRUPTCY LAWS

FAQ

Question 1

In which cases and by whom may bankruptcy proceedings be initiated in accordance with Netherlands Antilles bankruptcy law?

Filing for bankruptcy may be done either by the debtor itself or by one or more of its creditors. If the debtor is a company, the managing directors do not have the authority to petition for bankruptcy of the company without authorization thereto from the general meeting, unless otherwise stipulated in the articles of association.

The pre-requisites for making a bankruptcy order on application, regardless of whether the application is made by the debtor or by any of the …
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16
Dec 2008
CATEGORY

Legal

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