ELECTRONIC AGREEMENTS IN CARACAO AND SINT MAARTEN

The Dutch Caribbean digital signature exists for over 10 years The Curacao Ordinance on Electronic Agreements a.k.a. the Curacao Ordinance on agreements concluded electronically (Landsverordening overeenkomsten langs elektronische weg) became effective on 1 January 2001. The Ordinance in St. Maarten is similar to the one in Curacao. The Ordinance provides that an electronic signature shall… Continue reading ELECTRONIC AGREEMENTS IN CARACAO AND SINT MAARTEN

PROPOSED REVIEW DUTCH CARIBBEAN CORPORATE CODE

Various proposals not yes discussed here The prohibition of appointing Supervisory Directors besides a ‘one-tier Board’ will be deleted (Article 2:19 paragraph 1 proposed bill). Supervisory Directors being a legal entity are allowed to a limited extent (Article 2:19 paragraph 3 proposed bill). For the NV and the BV the law determines who has the right to… Continue reading PROPOSED REVIEW DUTCH CARIBBEAN CORPORATE CODE

BES LAW DEVELOPMENTS

Bonaire, St. Eustatius and Saba (BES) Within a couple of years, the BES Islands, as public entities, will be part of the country of the Netherlands in the framework of the political restructuring in the Kingdom of the Netherlands. The US dollar will be introduced as the new currency in the BES Islands. Curacao and… Continue reading BES LAW DEVELOPMENTS

THE GENERAL PENSION FUND OF THE NETHERLANDS ANTILLES

The APNA is subject to supervision The General Pension Fund of the Netherlands Antilles (‘Algemeen Pensioenfonds van de Nederlandse Antillen’; the “APNA”) is governed by its own State Ordinance (‘Landsverordening Algemeen Pensioenfonds van de Nederlandse Antillen’; “SOAPNA”). The APNA is subject to supervision by the Netherlands Antilles Central Bank and, as far as the annual… Continue reading THE GENERAL PENSION FUND OF THE NETHERLANDS ANTILLES