LITIGATION IN THE DUTCH CARIBBEAN

If you need a troubleshooter in your corner The civil court system in the Dutch Caribbean (Aruba, Bonaire, Curaçao, St. Maarten, St. Eustatius and Saba) consists of three tiers; first instance cases are brought before the Court of First Instance. Appeal cases are brought before the Joint Court of Appeal. When all normal appeal procedures… Continue reading LITIGATION IN THE DUTCH CARIBBEAN

INDEPENDENT SUPERVISORY BOARD IN ST. MAARTEN

Should be mandatory for government-owned entities Under the laws of St. Maarten, the main task of a board of supervisory directors is to supervise the board of managing directors of a limited liability company (NV or BV). The St. Maarten Corporate Code provides for two different kinds of boards of supervisory directors, a “regular” board… Continue reading INDEPENDENT SUPERVISORY BOARD IN ST. MAARTEN

BEARER SHARES IN A NETHERLANDS CARIBBEAN COMPANY

Registered shares must be issued first On 1 March 2004, the new Netherlands Antilles act on corporate law (Book 2 Civil Code) became effective. Since that date it is no longer possible to (directly) issue bearer shares. A company with only bearer shares has no shareholders’ register. Only a public limited liability company (NV) may… Continue reading BEARER SHARES IN A NETHERLANDS CARIBBEAN COMPANY