NEW CIVIL CODE SURINAME
A historic and monumental decision
The National Assembly, Suriname’s parliament, passed the proposals for a new Civil Code (and related laws) on Tuesday, August 13, 2024. This project has been worked on for years.
These are the laws that will enter into force in the near future:
As for the new Surinamese law of legal persons (including corporations), I anticipated its introduction in my handbook published in 2023 …
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THE DUTCH CARIBBEAN PRIVATE FOUNDATION AND ITS SUPERVISORY DIRECTORS
Only natural persons may be appointed
The articles of incorporation of a Private Foundation (PF) may provide, if so desired, that the authority of the board to make distributions is subject to the consent of the founder, a Supervisory Board or another body established within the PF e.g. an Advisory Board.
It should be noted that a corporate body that is not designated as a Supervisory Board but that has the characteristics of a Supervisory Board may qualify as such under Netherlands Antilles law. If this is the case, the following is applicable:
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