Legal Blog

Friday, March 29, 2013

Cross border conversion and merger (part 8)

Changes in Curacao as of 1 January 2012. The most important amendment in the Curacao provision with regard to the conversion of an NV or BV into a foreign legal entity (outbound) is that the requirement of the personal notice of liability by managing directors and shareholders has been removed as from 1 January 2012 onwards, except for the case mentioned below. This provision has been replaced by the possibility for creditors or contractual counterparties of the company wishing to convert into a foreign legal entity to lodge an objection on the grounds that they will be prejudiced in their position as creditor or contractual counterparty (Section 2:305 of the Civil Code). This provision is in line with what we already know about the doctrine of merger.

Read more Filed under: Corporate by Karel Frielink.

 

Wednesday, March 27, 2013

Law Firms Quality Rankings 2013

WILLEMSTAD - Each spring the international legal publisher Chambers & Partners presents a global ranking of law firms and individual lawyers: Chambers Global. In this publication, the offices VanEps Kunneman VanDoorne and Spigt Dutch Caribbean are presented once more as Band 1 Firm for Curacao classified by the renowned publisher.

Read more Filed under: Uncategorized by Karel Frielink.

 

Friday, March 22, 2013

Cross border conversion and merger (part 7)

The conversion of or into a foundation. If a foreign legal entity wants to be converted into a Curacao foundation (inbound) the Court in Curacao must grant consent (Section 2:303 subsection 2 of the Civil Code). I was unable to find any explanation of this in the Explanatory Memorandums of Book 2 of the Civil Code of 2003 and 2010.

Read more Filed under: Corporate by Karel Frielink.

 

Monday, March 18, 2013

Curaçao & Private clients: A practical (tax) law guide

Spigt Dutch Caribbean contributed to this years edition of the PLC Practical Law Guide for Private Clients. Click here for the Curaçao chapter and visit http://www.practicallaw.com for the full guide. 

Read more Filed under: TaxCommercial by Maike Bergervoet.

 

Friday, March 15, 2013

Cross border conversion and merger (part 6)

The conversion under the law of Curacao. Back to Curacao and the doctrine of conversion. I only intend to discuss several aspects of this. The conversion has been provided for in Sections 2:300 et seq. of the Civil Code. The conversion of a foreign legal entity into a Curacao entity has been provided for in Section 2:303 of the Civil Code (immigration).

Read more Filed under: Corporate by Karel Frielink.

 

Thursday, March 14, 2013

(On)duidelijkheid over Basisverzekering Ziektekosten Curacao? Maak bezwaar!

In deze alert, waaraan tevens aandacht is besteed door het Antilliaans Dagblad, worden de groepen beschreven die mogelijk. tegen hun verwachting in, te maken krijgen met de BZV Curaçao. Kom tijdig in bezwaar om uw rechten veilig te stellen. 

Read more Filed under: TaxLabor LawCommercial by Jeroen Starreveld.

 

Friday, March 08, 2013

Cross border conversion and merger (part 5)

Aruba has already been 'a foreign country' for quite some time compared with Curacao for instance. After Aruba left the Netherlands Antilles, a transfer of seat to or from the Netherlands Antilles was no longer possible. If there was a desire to transfer the seat of a company registered in Aruba to Curacao or the other way around, this had to be done via a detour for instance first a transfer of seat to the Cayman Islands and then a transfer through to Curacao or Aruba respectively.

Read more Filed under: Corporate by Karel Frielink.

 

Thursday, March 07, 2013

Order of the Common Appeal Court of Curacao concerning the right to institute an inquiry

The Appeal Court has taken several fundamental decisions. On 5 March 2013 the Common Court of Justice of Aruba, Curacao, Sint Maarten and of Bonaire, Sint Eustatius and Saba (case: Ghis 55769 – HAR 28/12) issued an order in connection with inquiry proceedings. This order contains three major considerations.

Read more Filed under: Corporate by Karel Frielink.

 

Wednesday, March 06, 2013

Landsverordening basisverzekering ziektekosten: doolhof aan regelgeving en formele tekortkomingen

Per 1 februari jl. is de Landsverordening basisverzekering ziektekosten (hierna “BZV”) in werking getreden. De BZV heeft als doel, de kwaliteit van de zorg te verbeteren, de toegankelijkheid van de zorg te vergroten en de kosten van de zorg te beheersen. De BZV heeft reeds de nodige pennen in beweging gebracht. Echter, tot op heden is er nog niet stilgestaan bij de formele tekortkomingen van de BZV

Read more Filed under: Tax by Jeroen Starreveld.

 

Tuesday, March 05, 2013

Beschikking inzake enqueterecht Gemeenschappelijk Hof (Curacao)

Op 5 maart 2013 heeft het Gemeenschappelijk Hof van Justitie van Aruba, Curaçao, Sint Maarten en van Bonaire, Sint Eustatius en Saba (Zaak: Ghis 55769 – HAR 28/12) een beschikking in het kader van een enquêteprocedure gewezen. Drie belangrijke overwegingen worden hier genoemd.

Read more Filed under: Corporate by Karel Frielink.

 

Monday, March 04, 2013

Lecture on good corporate governance

Looking back on the future: the further development of corporate governance in Curaçao. A seminar on Checks and Balances in Corporate Governance on Curacao was held on Thursday February 21st, 2013. More than 125 interested managing directors, supervisory directors, lawyers, accountants and other participants were in attendance.

Read more Filed under: Corporate by Karel Frielink.

 

Friday, March 01, 2013

Cross border conversion and merger (part 4)

From Bonaire to the Netherlands? In 2011 attempts were made to transfer a BV with its registered seat in Bonaire to Rotterdam by means of an amendment to the articles of association whereby the old registered seat was replaced by the new one and the articles of association of the BV were organized according to the Dutch Book 2 of the Civil Code. The Chamber of Commerce in Rotterdam refused the registration of that BV. The Chamber of Commerce held the view that this course of events contravened the Act of the Kingdom on the Voluntary Transfer of Seat and Book 2 of the BES Civil Code. A lawsuit is still pending in this respect.

Read more Filed under: Corporate by Karel Frielink.