FOREIGN CLAIMS SECURED BY ARUBAN SECURITY RIGHTS

The foreign law governed claim must be sufficiently identifiable

Many financing arrangements are of a cross-border nature. For instance, a loan agreement governed by English law with the loan secured by a right of pledge governed by the laws of Aruba. This raises all kinds of questions.

DRAG-ALONG RIGHTS UNDER THE LAWS OF ARUBA

Drag-along rights may be validly created

On January 1, 2009 the new Aruba Ordinance on companies with limited liability (vennootschap met beperkte aansprakelijkheid; VBA) became effective.

Rights of pledge on shares in a Netherlands Antilles company vis a vis rights of shareholder

On 24 December 2009 the Court of First Instance in Curacao rendered a summary judgment, whereby the issue was the appointment of a new managing director of a Netherlands Antilles company (the "Company") by a bank (the "Bank") as pledgee with voting rights on the shares in that Company.

ING not free from black list

AMSTERDAM - ING is still not released from a subsidiary bank that the United States put on the terror black list in 1996. For three and a half years the bankbanking-insurance company has been conducting an investigation into the transactions of its subsidiary on Curaçao: the National Caribbean Bank (NCB).

Stanford Group Aruba declared bankrupt

On December 11, 2009 the Court of First Instance of Aruba declared Stanford Group Aruba N.V. bankrupt and appointed Jeannot de Cuba of law firm VanEps Kunneman VanDoorne as bankruptcy trustee.

In liefde en (verkiezings)oorlog is alles geoorloofd

geschreven door Cindy de la Fuente
woensdag, 13 januari 2010

Op 22 januari 2010 moet de Curaçaoënaar weer naar de stembus. Ditmaal om te kiezen voor de leden van de Staten van de Nederlandse Antillen.