Ami ta vota SI: garantia ku onderstand por sigui drecha nos skolnan bringa aumento di kriminalidat Hopi SI, pa un futuro SIgur i prospero pa un i tur di nos Dushi Korsou! Karel Frielink .
SI IS THE MESSAGE OF HOPE
Do you believe? Do you believe in Curacao? SI Do you believe Curacao still has a chance to improve? SI Do you believe we should live in peace and harmony? SI Do you believe the future is more important than the past? SI Do you want the best for your children? SI Do you believe… Continue reading SI IS THE MESSAGE OF HOPE
SI? SI!
The 2009 Curacao referendum According to Eric de Vries, “Many of the group of citizens on Curacao who predominantly speak English have requested information on the referendum of May 15, 2009, and in particular an explanation what the referendum will be about and why they should vote “YES” or “NO”.” He wrote an article (click… Continue reading SI? SI!
MANAGEMENT AND SUPERVISION OF THE ARUBA COMPANY WITH LIMITED LIABILITY
A local representative is required On January 1, 2009 the new Aruba Ordinance on companies with limited liability (vennootschap met beperkte aansprakelijkheid; VBA) became effective. The Board of Directors is responsible for the management of the VBA and is authorized to represent it, with the exception of any restrictions in the articles of association. The… Continue reading MANAGEMENT AND SUPERVISION OF THE ARUBA COMPANY WITH LIMITED LIABILITY
CAPITAL STRUCTURE OF THE ARUBA COMPANY WITH LIMITED LIABILITY
Full value share is required On January 1, 2009 the new Aruba Ordinance on companies with limited liability (vennootschap met beperkte aansprakelijkheid; VBA) became effective. Concepts like registered, subscribed and contributed capital do not appear in the Ordinance. No minimum capital is therefore required, unless such a requirement is included in the articles of association.… Continue reading CAPITAL STRUCTURE OF THE ARUBA COMPANY WITH LIMITED LIABILITY
THE RIGHT TO SHARE IN THE PROFITS OF THE ARUBA COMPANY WITH LIMITED LIABILITY
It is not necessary to give all shares a right to share in the profits On January 1, 2009 the new Aruba Ordinance on the company with limited liability (vennootschap met beperkte aansprakelijkheid; VBA) became effective. This legislation gives shareholders far more freedom to organize their company than in the past It is not necessary… Continue reading THE RIGHT TO SHARE IN THE PROFITS OF THE ARUBA COMPANY WITH LIMITED LIABILITY
FRANCHISE AGREEMENTS UNDER THE LAWS OF ARUBA (II)
Case law regarding termination It can be concluded from a Netherlands Antilles case regarding failed negotiations for the continuation of a license agreement (franchising) (Antillean Family Foods NV vs Mc Donald’s Corporation, Supreme Court, February 26, 1993, NJ 1993, 289), that under certain circumstances the termination of an agreement may constitute an obligation (to negotiate… Continue reading FRANCHISE AGREEMENTS UNDER THE LAWS OF ARUBA (II)
G-20 CONFIRMS: NETHERLANDS ANTILLES NOT ON BLACKLIST
The Netherlands Antilles and Aruba do not appear on the OECD blacklist of international tax havens Although still on a so-called ‘greylist’, which is not an official list, but rather a progress report, the Netherlands Antilles and Aruba both have committed to the internationally agreed tax standard. A number of European countries, including Belgium, Luxembourg and Switzerland… Continue reading G-20 CONFIRMS: NETHERLANDS ANTILLES NOT ON BLACKLIST
FRANCHISE AGREEMENTS UNDER THE LAWS OF ARUBA (I)
What are called ‘franchises’ are not seldom mixed type agreements Franchise agreements are not defined in any Aruban statute and are not subject to any specific Aruban legislation. The franchise agreement is a sui generis agreement, subject to the general law of contracts. Distribution agreements are not subject to any specific Aruban legislation either, and… Continue reading FRANCHISE AGREEMENTS UNDER THE LAWS OF ARUBA (I)
GROUP RESTRUCTURING AND REFINANCING
Plan and act prudently: better to be safe than sorry Especially in these times of global economic and financial turmoil, a group (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… Continue reading GROUP RESTRUCTURING AND REFINANCING
LIBERALIZATION IN THE DUTCH CARIBBEAN
Telecom first, airlines to follow suit The government of the Netherlands Antilles has been in favor of liberalizing the telecommunication market for may years now. Liberalization of the telecom market means opening it up to domestic and foreign competition, subject to certain regulatory principles. Basically, liberalization means competition; competition means price levels determined by the… Continue reading LIBERALIZATION IN THE DUTCH CARIBBEAN
THE CREDIT CRUNCH, THE ECONOMIC RECESSION AND MAJOR FRAUDS SCHEMES
Lawyers are having a heyday Many countries, companies and private individuals are suffering severely from the credit crunch, the economic recession and the various fraud schemes (Madoff, Stanford, Enron, etc.). However, what causes misery to some represents opportunity to others, in this case, the lawyers. The financial meltdown, for instance, has resulted in governments interfering… Continue reading THE CREDIT CRUNCH, THE ECONOMIC RECESSION AND MAJOR FRAUDS SCHEMES