Principle of universality In Curaçao, bankruptcy in general serves the purpose of liquidating assets of a particular person or legal entity and distributing the proceeds among the combined creditors. Under Curaçao insolvency law, the Curaçao courts have jurisdiction in respect of insolvency proceedings against legal entities that have their corporate seat in Curaçao and against… Continue reading FOREIGN COMPANIES IN CURACAO BANKRUPTCY PROCEEDINGS
Tag: bzse
BRIBERY
A criminal act With regard to anti-corruption the Criminal Codes of Aruba, Curaçao, St. Maarten and the BES-islands include criminal acts such as fraud, bribery and abuse of authorities. The bribery offence closely resembles the bribery provisions under the Dutch Criminal Code. The Codes also stipulate regulations on criminal acts committed by judges, ministers, members… Continue reading BRIBERY
TRADE-BASED MONEY LAUNDERING
More Trade Transparency Units Needed Smuggling and trade fraud are on the rise, according to Viêt Nam News (27 October 2015). The Telegraph reports that the authorities in China have arrested 21 people on suspicion of defrauding almost one million Chinese investors of 50bn yuan (£5.3 billion) after an online peer-to-peer lender turned out to be… Continue reading TRADE-BASED MONEY LAUNDERING
DISCHARGING THE MANAGEMENT BOARD
Only for matters evident from the accounts The shareholders of a Dutch Caribbean limited liability company (NV or BV) may provide a discharge (décharge) to members of the management board for matters evident from the annual accounts, or matters otherwise made known to the general shareholders meeting. This is a standard item on the agenda… Continue reading DISCHARGING THE MANAGEMENT BOARD
INTERNATIONAL ARBITRATION IN THE DUTCH CARIBBEAN
The UNCITRAL Model Law is applicable Parties with a legal dispute can turn to the public court system to settle the dispute; however, instead of bringing a lawsuit in a public court, they can also opt for arbitration. Arbitration is a form of private dispute settlement in which the parties instruct one or more persons… Continue reading INTERNATIONAL ARBITRATION IN THE DUTCH CARIBBEAN
UN PROSPERO AÑA NOBO 2016
Een voorspoedig Nieuwjaar Un Próspero aña nobo A Prosperous new year Un próspero Año Nuevo . .
KAREL FRIELINK FULL MEMBER OF STEP
Trust and Estate Practitioner The Society of Trust and Estate Practitioners (STEP) was founded in 1991 by George Tasker as a hub for local forums of practitioners. STEP is the international professional body for those who work in the trust industry and the (often overlapping) field of estate administration. Its members are mainly solicitors, barristers,… Continue reading KAREL FRIELINK FULL MEMBER OF STEP
BESTUURDERSAANSPRAKELIJKHEID
Symposium Sint Maarten 1 december 2015 Het Ministerie van Justitie te Sint Maarten en de Orde van Advocaten te Sint Maarten hebben op 1 december 2015 een symposium over Boek 2 van het Burgerlijk Wetboek van Sint Maarten georganiseerd. De sprekers waren prof.mr. Peter van Schilfgaarde, prof.mr. Gerard van Solinge, mr. Jeroen Eichhorn en ikzelf.… Continue reading BESTUURDERSAANSPRAKELIJKHEID
THE DUTY OF CARE OF BANKS
Banks are under the obligation to exercise due care In the Dutch Caribbean, no separately defined body of law exists with regard to the relationship between a (commercial) bank and its customer. The standard general terms and conditions applied by banks in the Dutch Caribbean have an important function in the legal relationship between banks and their… Continue reading THE DUTY OF CARE OF BANKS
VEROORDELING VERZWEGEN BIJ SOLLICITATIE
Aangenomen maar alsnog ontslagen Als je solliciteert hoef je niet alles aan je potentiële werkgever te vertellen. Er zijn bovendien onderwerpen waarnaar een werkgever niet eens mag vragen, zoals seksuele geaardheid en of je zwanger bent. Maar als je strafrechtelijk bent veroordeeld voor valsheid in geschrifte kan dat anders liggen. Dat ondervond X, die solliciteerde… Continue reading VEROORDELING VERZWEGEN BIJ SOLLICITATIE
BZSE – ST. MAARTEN DAY AD
No ship-jumpers! Have you seen our ad in the newspaper earlier this week? . (13 November 2015) .
ATTACHMENTS UNDER THE LAWS OF CURACAO (part II)
Defendant has to show that the claim is invalid Article 705, Paragraph 2 of the Curaçao Code of Civil Procedure states that the lifting of an attachment may be ordered if it appears summarily that the claim is invalid. According to existing case law of the Dutch Supreme Court (see for instance Supreme Court dd… Continue reading ATTACHMENTS UNDER THE LAWS OF CURACAO (part II)