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International Law

: Karel's Legal Blog

THE RIGHT OF PLEDGE IN THE EVENT OF A BANKRUPTCY UNDER DUTCH CARIBBEAN LAW

By Karel.Frielink

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Pledgee may exercise rights as if there is no bankruptcy Article 53 paragraph 1 of the Bankruptcy Act of the Netherlands Antilles states that a pledgee can exercise its rights as if there is no bankruptcy. Permission or co-operation of the trustee in bankruptcy is not required. Article 53 paragraph 2 of the Bankruptcy Act however, provides that if it concerns claims of which it is uncertain when they are due and payable (?opeisbaarheid onzeker is?) or which contain a right to periodical payment read more

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Full post as published by Karel's Legal Blog on January 21, 2008 (boomark / email).

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