DEMERGERS IN THE DUTCH CARIBBEAN
Transfer of business or legal split-off
A split-off can take place by transferring part of the business of a company to its shareholders by way of a dividend in kind. In the event the split-off concerns a subsidiary, the payment in kind would be in the form of shares in such subsidiary. Instead of a dividend in kind, the transfer could take place upon a capital reduction or repurchase of shares. The consideration for the reduction or repurchase would then be satisfied in kind.
In the event of a legal demerger or division (a.k.a. legal splitting or legal split-off) a …
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