Correspondence between attorneys may not be submitted in court The Code of Conduct for Attorneys (Lawyers) in Curacao, as well as those in Aruba, St. Maarten and the BES-islands, contain some specific rules regarding correspondence between attorneys. Rule 18 of the Code of Conduct The content of letters and other communications from one attorney at law… Continue reading RULES OF CONDUCT FOR ATTORNEYS
Tag: bes islands
CORPORATE CRIMINAL LIABILITY
Acts can be committed both by natural persons and by legal entities Under Dutch Caribbean criminal law, criminal acts can be committed both by natural persons and by legal entities, for instance, limited liability companies and foundations, and can take part in the crime in a variety of roles incurring liability, including, perpetrators, co-perpetrators or… Continue reading CORPORATE CRIMINAL LIABILITY
CONSOLIDATED BANKRUPTCY
Creditors, stay alert! Aruba, Curaçao, St. Maarten and the BES-islands (Bonaire, St. Eustatius and Saba) will together be referred to as the Dutch Caribbean, although each has its own set of laws. Bankruptcy in general serves the purpose of liquidating assets of a particular person or legal entity and distributing the proceeds among the combined… Continue reading CONSOLIDATED BANKRUPTCY
QUASI-BESTUURDER OF GEWOON DE BAAS?
Dat hangt af van de feiten Gaat een rechtspersoon (denk aan een NV of BV) failliet dan is elke (statutaire) bestuurder hoofdelijk aansprakelijk voor het tekort van de failliete boedel, indien er sprake is geweest van kennelijk onbehoorlijk bestuur en aannemelijk is dat dit een belangrijke oorzaak is van het faillissement. De wet bepaalt dat… Continue reading QUASI-BESTUURDER OF GEWOON DE BAAS?
KAREL FRIELINK WILL JOIN FORCES WITH BZSE ATTORNEYS AT LAW
BZSE Curaçao office will be opened January 1, 2015 Well-seasoned corporate and finance attorney Karel Frielink is joining BZSE Attorneys at Law and Tax Lawyers of St. Maarten and will set up and manage a Curaçao office of the firm. The office will open on January 1, 2015, and Frielink will serve as its managing… Continue reading KAREL FRIELINK WILL JOIN FORCES WITH BZSE ATTORNEYS AT LAW
NEW CORPORATE CODE SINT MAARTEN
Various matters not yet discussed here As per April 1, 2014 the amended Corporate Code (Book 2 Civil Code) of St. Maarten entered into force. The prohibition of appointing Supervisory Directors besides a ‘one-tier Board’ has been deleted (Article 2:19 paragraph 1 Corporate Code). Supervisory Directors being a legal entity are allowed to a limited… Continue reading NEW CORPORATE CODE SINT MAARTEN
LEZING NIEUW VENNOOTSCHAPSRECHT SINT MAARTEN
Nieuw Boek 2 BW en nieuw personenvennootschapsrecht Op verzoek van de Orde van Advocaten te Sint Maarten heb ik op 21 mei 2014 in de Flamboyantzaal van het Courthouse te Sint Maarten een lezing gegeven voor de rechterlijke macht en de advocatuur. De lezing ging over enkele van de wetswijzigingen die in Sint Maarten op… Continue reading LEZING NIEUW VENNOOTSCHAPSRECHT SINT MAARTEN
AMENDED SINT MAARTEN LEGISLATION ON CONFLICTING INTEREST
The new law gives shareholders more freedom As per April 1, 2014 the amended Corporate Code (Book 2 Civil Code) of St. Maarten entered into force. Among other things, the provisions with regard to conflicting interest have been thoroughly reviewed and strongly curtailed. The basic rule provides that the authority with regard to certain legal… Continue reading AMENDED SINT MAARTEN LEGISLATION ON CONFLICTING INTEREST
REVISED SINT MAARTEN LEGISLATION ON DIRECTORS’ LIABILITY IN BANKRUPTCY
Improper bookkeeping may result in liability As per April 1, 2014 the amended Corporate Code (Book 2 Civil Code) of St. Maarten entered into force. Among other things, the provisions with regard to Managing Director’s liability have been improved. In the event of the bankruptcy of the legal entity each Managing Director is jointly and… Continue reading REVISED SINT MAARTEN LEGISLATION ON DIRECTORS’ LIABILITY IN BANKRUPTCY
NEW SINT MAARTEN LEGISLATION ON CORPORATE REPRESENTATION
Restrictions in managing authority work through into the representative authority As per April 1, 2014 the amended Corporate Code (Book 2 Civil Code) of St. Maarten entered into force. Restrictions of the managing authority can arise from a by-law or a corporate agreement. Individual Managing Directors exercise their powers with due observance of the resolutions… Continue reading NEW SINT MAARTEN LEGISLATION ON CORPORATE REPRESENTATION
OUTBOUND MERGER INTRODUCED IN SINT MAARTEN
Outbound mergers now possible As per April 1, 2014 the amended Corporate Code (Book 2 Civil Code) of St. Maarten entered into force. The possibility already existed that in connection with a merger, a foreign legal entity as the disappearing legal entity merges with a comparable legal form of the Corporate Code of St. Maarten… Continue reading OUTBOUND MERGER INTRODUCED IN SINT MAARTEN
INQUIRY PROCEDURE INTRODUCED IN SINT MAARTEN
The Joint Court is the forum of choice for corporate disputes As per April 1, 2014 the amended Corporate Code (Book 2 Civil Code) of St. Maarten entered into force. The new legislation introduces a so-called inquiry procedure for, amongst others, limited liability companies. The corporate inquiry procedure (a.k.a. investigation proceedings) can result in a… Continue reading INQUIRY PROCEDURE INTRODUCED IN SINT MAARTEN