DOORBRAAK VAN AANSPRAKELIJKHEID

Rechtspersoonlijkheid kan soms worden genegeerd

Naamloze en besloten vennootschappen hebben rechtspersoonlijkheid. Ze worden onder meer opgericht om de risico’s van commerciële activiteiten te beperken. Degene die een fabriek start om autobanden te produceren, weet dat daaraan risico’s zijn verbonden. Als hij als eenmanszaak opereert en het komt tot een faillissement, dan is hij met zijn gehele privévermogen aansprakelijk.

Drijft hij de onderneming in de vorm van een bijvoorbeeld een BV en komt het tot een faillissement, dan wordt zijn privévermogen daardoor niet geraakt, in die zin, dat de curator en de schuldeisers van de BV zich niet op zijn privégoederen …
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01
Mar 2014
CATEGORY

Corporate

COMMENTS No Comments

A CORPORATION AND ITS ALTER EGO

Piercing or lifting the corporate veil

As a general rule under Curaçao law, shareholders of corporate entities with limited liability do not risk more than their capital contribution. Such shareholders cannot be held liable for their corporations’ debts or obligations. These corporations are recognized as legal entities separate from their shareholders and managing directors. However, in exceptional cases, the veil of limited liability is pierced and a corporation’s debts or obligations are attributed to the shareholder, which may be a parent corporation.

The distancing of shareholder from corporation allows for individuals to engage in business while limiting their personal liability …
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28
Feb 2014
CATEGORY

Corporate

COMMENTS No Comments

INADEQUATE CAPITALIZATION OF AN ARUBAN COMPANY

Liability for thin-capitalization?

In terms of ‘piercing the corporate veil’, thin or inadequate capitalization usually means capitalization that is not in proportion to the nature of the risks the business of the corporation necessarily entails; in other words it is based on likely economic needs rather than legal requirements.

Shareholders of a company in Aruba are under an obligation to pay to the company what is due with respect to the shares, i.e. the shareholder’s capital contribution, and such contribution may not be withdrawn without due process. This is the only financial obligation of a shareholder towards the company, unless …
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07
May 2010
CATEGORY

Corporate

COMMENTS No Comments

PIERCING THE CORPORATE VEIL IN ARUBA

Ignoring the legal personality of a company

A shareholder is not personally liable for acts performed in the name of the company and is not liable to contribute to losses of the company in excess of the amount which he must pay to the company as contribution for his shares. There is therefore a legal separation between the assets and liabilities of the company and those of the shareholder.

Piercing the corporate veil in its purest form means making a shareholder responsible for the actions of the company. In essence this means ignoring the separate legal identity of the company. …
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27
Feb 2010
CATEGORY

Corporate

COMMENTS No Comments

PIERCING THE CORPORATE VEIL IN THE DUTCH CARIBBEAN

Ignoring the legal personality of a company

A shareholder is not personally liable for acts performed in the name of the company and is not liable to contribute to losses of the company in excess of the amount which he must pay to the company as contribution for his shares. There is therefore a legal separation between the assets and liabilities of the company and those of the shareholder.

Piercing the corporate veil in its purest form means making a shareholder responsible for the actions of the company. In essence this means ignoring the separate legal identity of the company. …
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20
Jan 2009
CATEGORY

Corporate

COMMENTS No Comments

INADEQUATE CAPITALIZATION IN THE DUTCH CARIBBEAN

Liability for thin-capitalization?

In terms of ‘piercing the corporate veil’, thin or inadequate capitalization usually means capitalization that is not in proportion to the nature of the risks the business of the corporation necessarily entails; in other words it is based on likely economic needs rather than legal requirements.

Shareholders of a company in the Netherlands Antilles are under an obligation to pay to the company what is due with respect to the shares, i.e. the shareholder’s capital contribution, and such contribution may not be withdrawn without due process. This is the only financial obligation of a shareholder towards the …
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16
Aug 2008
CATEGORY

Corporate

COMMENTS No Comments