Legal Blog

Wednesday, April 28, 2010

File sharing in the Dutch Caribbean

Internet service providers should act prudently regarding claimed copyright infringement

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Wednesday, April 21, 2010

The liability of trust directors

The board of directors of an NV or BV may contractually agree to a limitation of its powers to manage the company. Such arrangements are typical for trust offices engaged by a foreign ultimate beneficiary to render services to ‘his’ company, i.e. the client of a trust office. In principle, any contract a board of directors enters into binds the board and thereby limits its power. However, notwithstanding such a contract, it is still the board of directors that is in charge of managing the affairs of the company.

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Wednesday, April 14, 2010

Articles of association and the good faith principle

According to article 2:7 paragraph 2 Netherlands Antilles Civil Code, any rule or decision imposed on a person involved in the organization of the legal entity by law, custom, the articles, by-laws, a resolution or contract will not apply to the extent, in the given circumstances, that this would be unacceptable according to the principles of reasonableness and fairness.

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