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
Tag: st. maarten
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 . .
MAKING FUN OF LAWYERS
Makes me smile… The image that people have of lawyers is usually determined by coincidences. This may be a personal experience with their own lawyer or that of the counterparty. But even more will the image be determined by the relatively small group of lawyers who get publicity. A. Pitlo (Evolutie in het privaatrecht, [Evolution in… Continue reading MAKING FUN OF LAWYERS
THE GOOD, THE BAD AND THE BOSS
Three different personas during testimony There are matters to consider before you enter a courtroom as plaintiff, defendant or witness: for instance, what you say, your body language, how you present yourself and what you wear. The judge will be watching you. You don’t believe me? Read for yourself! The judge about the defendant: Murdock tried out… Continue reading THE GOOD, THE BAD AND THE BOSS
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
HET BESTUUR VAN EEN RECHTSPERSOON
Het belang van de rechtspersoon moet worden gediend De taakvervulling door een bestuurder van een (privaatrechtelijke) rechtspersoon is niet vrijblijvend. Op de bestuurder rust een inspanningsverplichting. In artikel 2:8 lid 3 van het Burgerlijk Wetboek (van Curaçao, St. Maarten en de BES-eilanden) is een belangrijke norm voor die taakvervulling vastgelegd: Bij de vervulling van zijn taak… Continue reading HET BESTUUR VAN EEN RECHTSPERSOON
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
LIABILITY OF COMPANY DIRECTORS
No derivative suit It is considered a general rule of Dutch Caribbean corporate law that the management board (a.k.a. board of directors) must act in the best interests of the company (an NV or BV) in the performance of its duties, even when acting on instructions from others (e.g. shareholders). This includes the interests of… Continue reading LIABILITY OF COMPANY DIRECTORS
BZSE – ST. MAARTEN DAY AD
No ship-jumpers! Have you seen our ad in the newspaper earlier this week? . (13 November 2015) .
SHAREHOLDER APPROVAL REQUIRED FOR SELLING ALL ASSETS
In particular circumstances this rule may be set aside Generally speaking, the management board of a company (NV or BV) is not entitled to sell the company’s business or a substantial part thereof, without the approval of the shareholders’ meeting. The Enterprise Chamber of the Court of Appeal in Amsterdam confirmed this in its decision… Continue reading SHAREHOLDER APPROVAL REQUIRED FOR SELLING ALL ASSETS
LEGAL DOCUMENTS ARE HARD TO READ DUE TO LEGALESE LANGUAGE
Lawyers must learn to communicate with their clients Communication skills are particularly important for lawyers. On the one hand lawyers have to accurately debate legal issues with like-skilled/trained people and on the other hand they have to explain all this to people without any legal education, many of which are vulnerable. That is not as… Continue reading LEGAL DOCUMENTS ARE HARD TO READ DUE TO LEGALESE LANGUAGE