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International Law

: Karel's Legal Blog

MORATORIUM OF PAYMENTS IN THE DUTCH CARIBBEAN (II)

By Karel.Frielink

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The debtor can offer a composition The nature of a Netherlands Antilles’ moratorium differs substantially from a moratorium under US law and does, in particular, not cause pending proceedings to be stayed. Generally, a Netherlands Antilles moratorium protects a debtor from claims existing at the time of the moratorium. It does not prevent litigating such claims, but judgments obtained cannot be enforced. During a moratorium, the creditor is prevented from enforcing ordinary agreements agai read more

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Full post as published by Karel's Legal Blog on July 29, 2008 (boomark / email).

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