Rights and obligations must be known at all times Section 2:14 subsection 1 of the Curaçao Civil Code (‘CCC’) provides that every director of a legal entity (NV, BV, foundation or association) is obliged towards the legal entity to perform the duties properly within the sphere of his activities. If there is only one director,… Continue reading KEEPING ACCOUNTS OF A LEGAL ENTITY IN CURAÇAO
Tag: advocaat
FIRST SET OF SINT MAARTEN LAWS TRANSLATED INTO ENGLISH
Available online 37 organic laws of St. Maarten stemming from the Constitution, the explanatory memorandum to the Constitution and a glossary have been translated into British English. All translated legislations are now available on the government’s website along with the Dutch version. The English translations are not binding in court. The original (Dutch) version of the… Continue reading FIRST SET OF SINT MAARTEN LAWS TRANSLATED INTO ENGLISH
DE ENE ADVOCAAT IS DE ANDERE NIET
En het ene kantoor is het andere niet… Je moet werken vanuit je eigen identiteit en overtuiging. Dat kunnen we vandaag lezen in een interview met Mark van Eck van Business Openers in Advocatie.nl. Een kantoor dat werkt vanuit wat dat kantoor uniek maakt, waarin het zich dus onderscheidt van andere kantoren, is meer succesvol.… Continue reading DE ENE ADVOCAAT IS DE ANDERE NIET
GOVERNMENT-OWNED COMPANIES
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
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
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
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
BON AÑA NOBO – HAPPY NEW YEAR
FINAL POSTING OF 2013
Don’t look back for very long This will be my final posting for 2013. What a year. It feels as if the whole world has changed more rapidly than ever before and not only as a result of the economic turmoil. The year 2014 is about to begin and it won’t be an easy year.… Continue reading FINAL POSTING OF 2013
ADVOCATEN EN DECLARABELE UREN
Wat is daar eigenlijk mis mee? Overal lees je dat advocatenkantoren moeten veranderen. Ze zijn te conservatief. Ze houden vast aan het verleden en zijn alles behalve innovatief. Naarmate het economisch slechter gaat wordt de roep om verandering steeds sterker. Met name het systeem van ‘uurtje factuurtje’ moet het ontgelden. Advocaten wordt verweten dat zij… Continue reading ADVOCATEN EN DECLARABELE UREN
LAWYERS AND BILLABLE HOURS
What is wrong with this exactly? You read everywhere that law firms (lawyers, advocates, attorneys) have to change. Lawyers are too conservative. They hold on to the past and are anything but innovative. As the economic climate deteriorates the call for change becomes increasingly stronger. The system of “hourly rate billing” in particular has to… Continue reading LAWYERS AND BILLABLE HOURS