News Reports

Attorney at law Gerrit Scheper is leaving Law Firm SMS-Advocaten. As per 1 January 2010 the firm will continue under the name SMS Attorneys at Law. As of this date Scheper is starting his own law firm.

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WILLEMSTAD/CARACAS — It is difficult to verify what is actually going on in the Venezuelan financial sector. President Hugo Chávez is unpredictable in his acting and it is a continuous anticipation as to which decision he will take.

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The outstanding debt of Tauro Auto Center N.V. (the “Company”), recently declared bankrupt by the Court, amounted to 8 million guilders at a certain point in time.

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The introduction of the Code Corporate Governance is a step in the right direction, according to the Business Association of Curaçao (VBC), which simultaneously concludes that administrators and parliamentarians themselves insufficiently implement the objectives of this code, namely stimulating the administrative integrity and financial transparency.

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PHILIPSBURG--Although it was not allowed as evidence Wednesday in the trial of former Department of Environmental Development and Property Management VROM head Delano Richardson, the government accountants bureau SOAB final report on the issuance of building permits constantly “hovered” over this case dealing with the alleged criminal behaviour of a former department head.

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In the Annual Meeting of the Curacao Bar Association Mr Cindy de la Fuente (lawyer at HBN Law) has been elected as secretary. She is the successor of Mr Daniel Zahavi, who was a board member for five years.

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