A CORPORATION AND ITS ALTER EGO
Piercing or lifting the corporate veil
As a general rule under Curaçao law, shareholders of corporate entities with limited liability do not risk more than their capital contribution. Such shareholders cannot be held liable for their corporations’ debts or obligations. These corporations are recognized as legal entities separate from their shareholders and managing directors. However, in exceptional cases, the veil of limited liability is pierced and a corporation’s debts or obligations are attributed to the shareholder, which may be a parent corporation.
The distancing of shareholder from corporation allows for individuals to engage in business while limiting their personal liability …
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HEDGE FUNDS FLOCK TO CURACAO
Citco once again most popular administrator for hedge funds
WILLEMSTAD – Citco is once again the most popular administrator for hedge funds, topping the annual Absolute Return ranking for the fifth consecutive year.
The international firm, which has led the survey every year since its inception, further increased its market share to 23.03%, approximately 1.2 percentage points more than last year.
Citco has kept its lead by investing aggressively in new products such as Treasury and collateral functions, and news standalone risk management software in the Americas and Europe, said global head of sales Jay Peller. Even among startups, the …
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