Aspects of director’s liability Management services companies a.k.a. trust companies (‘trustkantoren’) can face liability as a result of how they have performed trust and management services to their clients, and in particular when acting as managing director (‘statutair directeur’) of a legal entity, whether alone or together with others. A trust company acting as managing… Continue reading LIABILITY OF MANAGEMENT SERVICES COMPANIES
Tag: managing director
CORPORATE GOVERNANCE IN CURACAO
Lessons for the government 1. Why is good corporate governance necessary? Basically, corporate governance is about the structures and processes for the direction and control of a company. Corporate governance is intended to increase the accountability of a company and to avoid massive disasters before they occur. It is held that good corporate governance helps… Continue reading CORPORATE GOVERNANCE IN CURACAO
ARUBAN LAW REGARDING CORPORATE AUTHORITY
The Aruba Trade Register should be checked The laws of Aruba provide that, subject to restrictions laid down by any statutory provision or a corporation’s articles of association, the board of directors of a company shall be competent to represent the company, i.e. a limited liability company (NV, AVV or VBA). In the event of… Continue reading ARUBAN LAW REGARDING CORPORATE AUTHORITY
DUTCH CARIBBEAN LAW REGARDING CORPORATE AUTHORITY
Trade Register should be checked Netherlands Antilles law provides that, subject to restrictions laid down by the Netherlands Antilles Corporate Code or a corporation’s articles of association, the board of directors of a corporation shall be competent to represent the corporation, e.g. a limited liability company (NV or BV). In the event of the corporation… Continue reading DUTCH CARIBBEAN LAW REGARDING CORPORATE AUTHORITY
THE STRUCTURE OF A DUTCH CARIBBEAN FUND
It is easy and inexpensive to set up a SPV (Special Purpose Vehicle) From a legal point of view, establishing a fund in Curaçao is very attractive under the corporate law in force since March 1, 2004, whereby a private limited liability company (besloten vennootschap) can be established very quickly and flexibly. Virtually everything is… Continue reading THE STRUCTURE OF A DUTCH CARIBBEAN FUND