CORPORATE AND FINANCE LAW
EU/The Netherlands v the Dutch Caribbean and Suriname
Dutch legislation as regards, among other things, the law of legal entities (corporate law) and financial law has become extremely complex in recent years. This is partly due to the flood of European directives that EU member states must implement in their own legislation.
The law of legal entities and financial law in the Caribbean parts of the Kingdom looks a lot simpler. And that legislation is also simpler. This also applies to the Republic of Suriname. With the introduction of a new Civil Code in Suriname, that country’s legislation will be …
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RECHTSPERSONENRECHT EN FINANCIEEL RECHT
Europese Unie/Nederland tegenover Caribische delen Koninkrijk en Suriname
De Nederlandse wetgeving wat betreft het rechtspersonenrecht en financieel recht is de afgelopen jaren bijzonder complex geworden. Dat komt mede door de stroom Europese richtlijnen die lidstaten van de EU in hun eigen wetgeving moeten implementeren.
Het rechtspersonenrecht en financieel recht in de Caribische delen van het Koninkrijk ziet er een stuk eenvoudiger uit. En die wetgeving is ook eenvoudiger. Dat geldt ook voor de Republiek Suriname. Met de invoering van een nieuw Burgerlijk Wetboek in Suriname, zal de wetgeving van dat land nog beter zijn te vergelijken met dat van de …
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THE STRUCTURE OF A DUTCH CARIBBEAN FUND
It is easy and inexpensive to set up a SPV (Special Purpose Vehicle)
From a legal point of view, establishing a fund in Curaçao is very attractive under the corporate law in force since March 1, 2004, whereby a private limited liability company (besloten vennootschap) can be established very quickly and flexibly. Virtually everything is possible with this new legal entity. There is no minimum issued share capital requirement. Incorporation may be done within a day does not require any prior governmental approval. It is possible to split voting rights and dividend rights. There is no statutory requirement to have …
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NEW GERMAN GAMING LAW IN VIOLATION WITH EU LAW
State monopolies granted exclusivity
New gaming/gambling legislation entered into force in Germany on 1 January 2008. Although one would expect Germany to observe the laws and regulations of the European Community, it confirmed the country’s state monopolies on lotteries and sports betting and, despite several judgments of the EU Court of Justice (e.g. Placanica et al.), it outlawed any other online gambling from both foreign and domestic sources.
It is also forbidden to place a bet from a computer in Germany with an operator outside Germany whose server is also outside Germany. In other words: it is illegal for Germans when …
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