Opposing views on political influence Few people would argue that the rules issued by the state (government) must also be correctly and strictly observed by that same state. It cannot be well conceived that, for example, the police and Public Prosecutor’s Office (as instruments of the state) should be allowed to violate the law with… Continue reading GOVERNMENT-OWNED COMPANIES
Author: Karel Frielink
THE INCORPORATION OF A CURACAO LIMITED LIABILITY COMPANY
Incorporating an NV or BV is not a hassle The act on corporate law (Book 2 Curaçao Civil Code) governs the NV (‘public limited liability company’) and BV (‘private limited liability company’). These companies can be used for group finance or holding activities, (international) joint-ventures, funds, structured finance, as a Curaçao Trust and for “plain-vanilla”… Continue reading THE INCORPORATION OF A CURACAO LIMITED LIABILITY COMPANY
THE CURACAO TRUST BECOMES MORE AND MORE POPULAR
Curaçao Trust could be used for asset segregation purposes According to Professor of Law David Hayton, an Anglo-Saxon trust arises from the settlor’s transfer of title to property to another person, intending that person to be a trustee-manager of it for the benefit of beneficiaries or for a charitable or other permitted purpose. Trusts are… Continue reading THE CURACAO TRUST BECOMES MORE AND MORE POPULAR
FATCA AND THE US – DUTCH INTERGOVERNMENTAL AGREEMENT
Dutch IGA published In connection with the Foreign Account Tax Compliance Act (“FATCA”), the government of the Netherlands entered into a Model 1 Intergovernmental Agreement (“IGA”) with the United States (click here). Under the Dutch IGA, Netherlands financial institutions would report required information to the Netherlands tax authorities, followed by an automatic exchange of the… Continue reading FATCA AND THE US – DUTCH INTERGOVERNMENTAL AGREEMENT
RISK MANAGEMENT AND ASSET PROTECTION
Curaçao offers legitimate risk management solutions Why would one consider an asset protection strategy? There are individuals and business entities all around the world not trusting their government (e.g. fear for expropriation or nationalization by their government). Or they are seeking legitimate protection from any future downturns. Or they do not want the world to… Continue reading RISK MANAGEMENT AND ASSET PROTECTION
CONSULTATIE GRENSOVERSCHRIJDENDE OMZETTING
Voorstel wetswijziging in Nederland Vandaag is in Nederland ter consultatie een Voorontwerp grensoverschrijdende omzetting kapitaalvennootschappen gepresenteerd. Het ambtelijk voorontwerp bevat een regeling waarmee voorwaarden worden gesteld voordat een grensoverschrijdende omzetting van een naamloze of besloten vennootschap in een buitenlandse kapitaalvennootschap kan plaatsvinden (outbound) en omgekeerd (inbound). Voorts bevat het voorontwerp een wijziging van de regeling… Continue reading CONSULTATIE GRENSOVERSCHRIJDENDE OMZETTING
GRENSOVERSCHRIJDENDE FUSIE EN OMZETTING SINDS 10-10-10
Publicatie in het Caribisch Juristenblad In het Caribisch Juristenblad (2013/4, p. 3-9) verscheen mijn artikel Grensoverschrijdende fusie en omzetting na 10-10-’10. De staatkundige herziening binnen het Koninkrijk der Nederlanden die op 10 oktober 2010 zijn beslag heeft gekregen, is ook van belang voor de grensoverschrijdende fusie en de grensoverschrijdende omzetting van kapitaalvennootschappen (NV’s en BV’s).… Continue reading GRENSOVERSCHRIJDENDE FUSIE EN OMZETTING SINDS 10-10-10
L4L – LAWYERS FOR LAWYERS
Helps lawyers in danger around the world I am supporting Lawyers for Lawyers (L4L) for several years already. L4L is an independent and non-political foundation which seeks to promote the proper functioning of the rule of law by pursuing freedom and independence of the legal profession. L4L does this by supporting lawyers worldwide who are… Continue reading L4L – LAWYERS FOR LAWYERS
DUTCH CARIBBEAN BANKS AND REGULATORY ISSUES
A bank has less freedom than an ordinary legal entity What would be the requirements, from a regulatory point of view, if a Curaçao or St. Maarten bank wished to sell its entire business or a substantial part thereof? Would it require approval from the Central Bank of Curaçao and St. Maarten (‘Centrale Bank van… Continue reading DUTCH CARIBBEAN BANKS AND REGULATORY ISSUES
LEGAL FEES: CHANGING LANDSCAPE
Alternative billing arrangements According to Larry Primeaux, the construction of legal fees is undergoing a metamorphosis in reaction to changing economics. Fact is, indeed, that you read everywhere that law firms (lawyers, advocates, attorneys) have to change. The system of “hourly rate billing” in particular has to take the rap. “In this economy, at least… Continue reading LEGAL FEES: CHANGING LANDSCAPE
LAW FIRMS SEE ALTERNATIVE FEE ARRANGEMENTS AS HERE TO STAY
“I don’t think the billable hour is dead, but I think it has company” According to an article by Kim Lyons of the Pittsburgh Post-Gazette, “the billable hour has long been the mainstay of law firms and their pay structure. But in recent years, firms have had to become more creative in how they get… Continue reading LAW FIRMS SEE ALTERNATIVE FEE ARRANGEMENTS AS HERE TO STAY
THINK LIKE A LAWYER, DON’T ACT LIKE ONE
The essential rules for the smart negotiator Aernoud Bourdrez is a lawyer and conflict negotiator. The approach of Bourdrez differs from traditional advocacy. Where traditional lawyers focus on the legal aspects of the conflict, Bourdrez puts emphasis on the patterns that characterize the conflict and ways to break through these patterns. On preventing and resolving… Continue reading THINK LIKE A LAWYER, DON’T ACT LIKE ONE