TRANSACTIONAL POWER OF THE MANAGING BOARD OF A DUTCH CARIBBEAN CORPORATION (I)
Limitations must be disclosed to have effect
Netherlands Antilles law provides that, subject to restrictions laid down by the Netherlands Antilles Corporate Code or a corporation’s articles of association, the board of directors of a corporation shall be competent to represent the corporation, e.g. a limited liability company (‘naamloze of besloten vennootschap’; NV or BV). In the event of several managing directors, any managing director shall be competent, insofar as not otherwise provided for by the articles of association.
Under Netherlands Antilles law, information required to be disclosed pursuant to the Civil Code, for instance (i) the identities of the …
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SPOTLIGHT ON CURACAO
Curacao economic country survey inserted in the New York Post
In May 2009, United International Press (UIP) issued a special bulletin on Curacao, the Netherlands Antilles, in an insert in the New York Post. UIP has also placed the bulletin on its website. Curacao is described as a Caribbean Hub with Investment Appeal. Amongst various government institutions and businesses, Spigthoff Attorneys & Tax Advisers is also mentioned (click here).
According to its website,
“United International Press is a media agency specialized in the production of comprehensive economic country surveys inserted in the New York Post. …
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CURACAO CHAMBER OF COMMERCE ON REFERENDUM
Kámara di Komèrsio Kòrsou:
Un voto ‘NO’ ta funesto pa klima ekonómiko.
Un voto ‘NO’ ta funesto pa pueblo di Kòrsou.
Karel Frielink:
Bo ta kere ku futuro ta mas importante ku pasado? SI
Bo ta kere mester solushoná nos debenan? SI
Bo ta kere ku e pakete ta un base pa drecha ekonomia i redusí pobresa? SI
Bo ta kere ku SI ta ofresé Kòrsou un mihó futuro? SI
SI ta e kontesta pa hóben i grandinan, riku i pober, Hindu, Katóliko, Moslim, pretu, blanku, nasé na Kòrsou òf otro kaminda. SI ta uni hende di diferente kultura i …
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AWEL SI
Pueblo ta papia palabra kla
Bo ta kere den Kòrsou? SI
Bo ta kere ku Kòrsou tin chèns ainda di mehorá? SI
Bo ta kere ku nos mester biba na pas i den harmonia ku otro? SI
Bo ta kere ku futuro ta mas importante ku pasado? SI
Bo ke e mihó pa bo yunan? SI
Bo ta kere den òrdu i stabilidat? SI
Bo ta kere nos mester mehorá nos kuido di salú? SI
Bo ta kere nos mester krea trabou? SI
Bo ta kere ku nos mester keda partner di …
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VOTA SI
‘SI’ pa Futuro di Kòrsou
SI bo tin Kòrsou na pechu, bo tambe ta preokupá pa futuro di nos isla. E momentu a yega pa ábo mete kuné.
Mi stima Kòrsou i mi ta deSIdido pa biba aki i kontribuí na bienestar di mi pais. Ami mes ke disidí mi futuro i esun di mi lugá. Mi ta konvensí ku SI ta e mihó opshon pa un mihó futuro.
Karel Frielink
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TRADE MARK LAW: PLACING LUXURY GOODS IN DISCOUNT STORES CAN AFFECT THEIR QUALITY
French fashion house Dior has the upper hand in legal battle over ‘dumping’ of its goods
Placing luxury goods like Christian Dior products in discount stores can affect their quality according to the European Court of Justice, in a ruling on April 23, 2009, thereby backing the renowned French fashion house Dior in a trademark case. At issue is the extent to which companies such as Dior can defend themselves against products bearing their brands being “dumped” even though the licensing agreement clearly prohibits the licensee from doing so.
On May 17, 2000 the fashion house concluded a …
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AMI TA VOTA SI
Ami ta vota SI:
Hopi SI, pa un futuro SIgur i prospero pa un i tur di nos Dushi Korsou!
Karel Frielink
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SI IS THE MESSAGE OF HOPE
Do you believe?
Do you believe in Curacao? SI
Do you believe Curacao still has a chance to improve? SI
Do you believe we should live in peace and harmony? SI
Do you believe the future is more important than the past? SI
Do you want the best for your children? SI
Do you believe in law, order and stability? SI
Do you believe in a partnership with the Netherlands? SI
Do you believe the Netherlands should show more compassion? SI
Do you believe the opposition is hurting Curacao? SI
Do you believe the referendum should be about issues not …
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SI? SI!
The 2009 Curacao referendum
According to Eric de Vries, “Many of the group of citizens on Curacao who predominantly speak English have requested information on the referendum of May 15, 2009, and in particular an explanation what the referendum will be about and why they should vote “YES” or “NO”.” He wrote an article (click here) in which he addresses those issues.
Further information can be found here (in Dutch), here (in English) and here (in Papiamento). Vota SI could not use the domain name www.vota-si.com, among other websites, because it was …
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G-20 CONFIRMS: NETHERLANDS ANTILLES NOT ON BLACKLIST
The Netherlands Antilles and Aruba do not appear on the OECD blacklist of international tax havens
Although still on a so-called ‘greylist’, which is not an official list, but rather a progress report, the Netherlands Antilles and Aruba both have committed to the internationally agreed tax standard. A number of European countries, including Belgium, Luxembourg and Switzerland also feature on this list due to their bank confidentiality arrangements. The OECD has placed four countries on its blacklist: Costa Rica, Malaysia, the Philippines and Uruguay. Source: OECD.
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GROUP RESTRUCTURING AND REFINANCING
Plan and act prudently: better to be safe than sorry
Especially in these times of global economic and financial turmoil, a group (or part thereof) might want to consider restructuring and refinancing its operations or may be already in the process of doing so. When considering or carrying out such plans, careful thought must be given to potential (legal) risks involved. For instance, in many jurisdictions specific statutory provisions exist regarding fraudulent preference actions, i.e. actions that prejudice (specific) creditors. Such provisions often also apply in full with respect to (individual companies belonging to) a group of companies, and should …
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LIBERALIZATION IN THE DUTCH CARIBBEAN
Telecom first, airlines to follow suit
The government of the Netherlands Antilles has been in favor of liberalizing the telecommunication market for may years now. Liberalization of the telecom market means opening it up to domestic and foreign competition, subject to certain regulatory principles.
Basically, liberalization means competition; competition means price levels determined by the market, not by a monopoly. This will benefit the consumers. In a free market telecom companies will, in principle, also be more innovative, more service-minded, offering a better and wider range of services, including service packages, for example, in an attempt to keep their customers …
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