Legal Blog

Tuesday, December 28, 2010

Independent supervisory board in the Dutch Caribbean

Under the laws of the Dutch Caribbean, the main task of a board of supervisory directors is to supervise the board of managing directors of a limited liability company (NV or BV). The Corporate Code (of Curacao, St. Maarten and the BES islands) provides for two different kinds of boards of supervisory directors, a “regular” board of supervisory directors and the so-called “independent” board of supervisory directors. Within this context the word independent means that the supervisory directors are independent of the shareholders, interest groups (belangengroepen) and to a certain extent from the shareholders’ meeting. In my opinion, an independent supervisory board should be mandatory for government-owned entities.


Read more Filed under: Corporate by Karel Frielink. (0) Comments


Thursday, December 16, 2010

Requests for information by foreign tax authorities

The former Netherlands Antilles concluded several tax information exchange agreements (‘TIEA’) during recent years. These TIEAs also apply to the newly formed country Curacao. The Tax Arrangement for the Kingdom (TAK) is applicable within the Kingdom of the Netherlands, which includes Curacao. Article 37 of the TAK also contains the facilities for the exchange of information within the Kingdom. 

Read more Filed under: Tax by Jeroen Starreveld. (0) Comments