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International Law

Karel's Legal Blog

Attorney / Lawyer Karel Frielink discusses legal issues relating to Aruba and the Netherlands Antilles (Curacao, Bonaire, St. Maarten, Saba and St. Eustatia).
By Karel Frielink

Post Frequency: 1/day

Last Entry: November 02, 2020 at 12:06:26

DEVELOPMENTS IN DUTCH CARIBBEAN FINANCIAL LAW

Posted on November 02, 2020
New ordinances and rules to be introduced in 2021 In Curacao and St. Maarten major changes are in the pipeline when it comes to regulatory legislation. In July 2020, the Central Bank (CBCS) launched a consultation round on the draft of three national ordinances and a regulation containing generally binding rules...

NIEUWE BESTUURDER BONAIRE HOLDING MAATSCHAPPIJ

Posted on October 03, 2020
Persbericht Kralendijk ? Adely Susana-Jansen is per 1 november 2020 benoemd tot tijdelijke bestuurder van Bonaire Holding Maatschappij N.V. De Raad van Commissarissen van Bonaire Holding Maatschappij N.V. heeft Adely Susana-Jansen Bsc, MBA benoemd tot tijdelijke bestuurder...

WOEKERRENTE

Posted on September 03, 2020
Maximaal 27% toegestaan In de Caribische delen van het Koninkrijk, met name in Aruba en Curaçao, wordt veelvuldig en al jarenlang gediscussieerd en vooral geprocedeerd over de vraag wanneer sprake is van woekerrente. Wat is een aanvaardbaar rentepercentage en wanneer is sprake van strijd met de openbare orde en/of goede zeden (art...

OVERDRACHT VORDERING DOOR BANK AAN NIET-BANK

Posted on July 10, 2020
Gaat de zorgplicht mee over? De Hoge Raad heeft op 10 juli 2020 twee uitspraken gedaan, weliswaar naar Nederlands recht, maar ook relevant voor het ?Nederlands Caribische? recht (ECLI:NL:HR:2020:1274 en ECLI:NL:HR:2020:1276). De kernvraag was of een bank, waarop een (bijzondere) zorgplicht jegens cliënten rust, een vordering op een cliënt mag overdragen aan een niet-bank...

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TOEZICHT TRUSTKANTOREN IN NEDERLAND

Posted on June 17, 2020
Derde geheel herziene druk Op 1 januari 2019 zijn de Wet toezicht trustkantoren 2018 en het Besluit toezicht trustkantoren 2018 in werking getreden, tegelijk met de Regeling toezicht trustkantoren 2018. Hiermee zijn de regels voor trustkantoren en hun cliënten ingrijpend veranderd...

BUNDEL RECHTSPRAAK BESTUURDERSAANSPRAKELIJKHEID

Posted on June 16, 2020
Nederlands en Nederlands Caribisch Rechtspersonenrecht Deze bundel bevat rechtspraak inzake bestuurdersaansprakelijkheid. Naast bekende uitspraken van de Hoge Raad is er ook ruim aandacht voor (niet-gepubliceerde) rechterlijke uitspraken uit de Caribische delen van het Koninkrijk...

CELEBRATING THE 15TH ANNIVERSARY OF THIS WEBLOG

Posted on June 01, 2020
Celebrating 15 years of sharing knowledge June 1st, 2020 marks the 15th anniversary of my legal blog. This is an important milestone for me. Back in May 2005 I only had a rough idea about blogging and what it would take to create a successful legal blog...

DISASTERS PROVIDE OPPORTUNITIES FOR CRIMINALS

Posted on April 15, 2020
Already an increase in cybercrime Every (major) disaster offers opportunities to criminals. The outbreak of Covid-19 has already resulted in increased levels of fraud such as cybercrime (for instance phishing scams, online payment fraud and online identity theft)...

PROXY VOTING AND APPLICABLE LAW

Posted on March 09, 2020
Curacao law follows the incorporation theory Proxy voting allows shareholders to vote when they cannot attend (or do not wat to attend) a shareholder meeting. What law applies to such a proxy to vote? The 1978 Convention on the Law applicable to Agency (Verdrag betreffende het toepasselijke recht op vertegenwoordiging 1978) does not apply to Curacao...

CHAMBERS GLOBAL 2020 LEGAL RANKINGS RELEASED

Posted on February 13, 2020
Karel Frielink ranked Band 1 for the 11th time Once again, I have been selected as a ranked lawyer in Chambers Global 2020 identifying me as one of the best lawyers in the Dutch Caribbean. The Chambers Guides have been ranking the best law firms and lawyers since 1990, and now covers over 190 jurisdictions throughout the world...

NEW YEAR?S COCKTAIL PARTY

Posted on January 14, 2020
Speech Mr. Karel Frielink ? Dean of the Consular Corps of Curaçao New Year?s Cocktail Party in honor of the Consular Representatives in Willemstadhosted by Prime Minister Eugene Rhuggenaath 14 January 2020 Ladies and Gentlemen! Protocol has been observed...

COLLEGIAAL BESTUUR EN HOOFDELIJKE AANSPRAKELIJKHEID

Posted on December 03, 2019
Soms kan een bestuurder zich disculperen Elke bestuurder is tegenover de rechtspersoon gehouden tot een behoorlijke vervulling van zijn taak. Deze inspanningsverbintenis is in het kader van de interne aansprakelijkheid ? dus van de bestuurder jegens de rechtspersoon – de centrale gedragsnorm voor bestuurders, waaraan hun doen en laten kan worden getoetst...

THE LAWYER AS A VIRTUOSO OF LANGUAGE (PART I)

Posted on March 30, 2011
The use of technical concepts has a useful function Language is the instrument par excellence of the advocate (attorney; lawyer). He uses language to lay down agreements, to provide legal advices, to formulate Court documents, to send demand letters, to make his plea or to conduct talks with clients or counterparties, to send invoices, in short: [...

THE LAWYER AS ORATOR

Posted on March 23, 2011
A sensitive subject The advocate (attorney; lawyer) as orator is a sensitive subject. Many clients will have listened with curled toes or alternatively with a deep feeling of embarrassment to their own advocate or (if they are lucky) to that of their counterparty at the moment suprême when the so-carefully prepared written summary of the argument is [...

ON THE IMAGE OF LAWYERS

Posted on March 16, 2011
Bloodsuckers and hypocrites? Lawyers (attorneys) are often exposed to strong criticism, both here and elsewhere. The late famous Dutch professor A. Pitlo (Evolutie in het privaatrecht, [Evolution in private law] Groningen: H.D. Tjeenk Willink 1972, p...

THE LAWYER AS CRAFTSMAN

Posted on March 09, 2011
Tradition and resourcefulness You could hear these statements just about anywhere: ?The study of law is a dull study. You have to read a lot of books and especially learn a lot by heart. But luckily it is not a difficult study. It is more or less the easiest study to graduate in...

WHY WOULD SOMEONE BECOME A LAWYER?

Posted on March 04, 2011
The story of Saint Yvo (1253-1303) Without being sworn in to the Bar it is not possible to call yourself an advocate (lawyer; advocaat) in the Dutch Caribbean. Being sworn in as an lawyer is for any beginner a high point, a clear start. The lawyer undertakes responsibility and does this under oath...

SUPERVISORY DIRECTORS OF A CURACAO INSURANCE COMPANY

Posted on February 23, 2011
The Central Bank has issued guidance notes According to the Curacao Ordinance on the Supervision of the Insurance Business, a Board of Supervisory Directors of an insurance company shall have the task of supervising the policy of the Management Board of such company and the general course of events of the insurance company and the business associated [...

PROPOSED REVIEW CORPORATE CODE ON ULTRA VIRES

Posted on February 16, 2011
The rules with regard to ultra vires are fundamentally changed Ultra vires means ?beyond power or authority?. An ultra vires act is one beyond the purpose clause as laid down in the Articles of Association of a legal entity, for instance a foundation or a limited liability company (NV or BV)...

VACATURES CURACAO: ADVOCATEN 3-5 JAAR ERVARING

Posted on February 15, 2011
Omschrijving kantoor Spigthoff Curacao is een commercieel full-service kantoor met focus op ondernemingsrecht, financieel recht, belastingrecht en geschillenbeslechting. De advocaten en belastingadviseurs van Spigthoff adviseren en procederen op uiteenlopende rechtsgebieden en begeleiden transacties, zowel op de lokale markt als internationaal...

ELECTRONIC AGREEMENTS IN CARACAO AND SINT MAARTEN

Posted on February 11, 2011
The Dutch Caribbean digital signature exists for over 10 years The Curacao Ordinance on Electronic Agreements a.k.a. the Curacao Ordinance on agreements concluded electronically (Landsverordening overeenkomsten langs elektronische weg) became effective on 1 January 2001...

VOLUNTARY DISCLOSURE AND THE HUNT FOR UNDISCLOSED ACCOUNTS BY US AND DUTCH TAX AUTHORITIES

Posted on February 02, 2011
Propaganda machines up to speed Publicity efforts by the US and Dutch tax authorities indicate that the hunt for undisclosed accounts in typical offshore jurisdictions is still a hot item. Although Curacao was not mentioned by the US authorities, the Dutch tax authorities announced a new search for undisclosed accounts in Curacao based on information provided [...

THE DUTCH CARIBBEAN AND ROME I AND ROME II

Posted on February 01, 2011
Nothing has changed as of 10-10-10 The Country the Netherlands Antilles consisted of Bonaire, Curacao, St. Maarten, St. Eustatius and Saba, and formed part of the Kingdom of the Netherlands. On October 10, 2010 the Netherlands Antilles ceased to exist as a country...

INTERNATIONAL NON-CONTRACTUAL LIABILITY FROM A DUTCH PERSPECTIVE

Posted on January 31, 2011
Introduction Financial law is not an exclusively national affair. Cross-border transactions and service provisions have been common place for a very long time. Harmonisation of rules has been worked towards in a European context for decades. Leaving aside special subject matters such as liability for products and road accidents, the (partial) harmonisation of the rules in respect [...

WHAT YOU MAY EXPECT OF YOUR LAWYER

Posted on January 25, 2011
Quality, Clarity, Trust, Value for Money, Passion and Compassion Whether you live in the UK, the USA or the Dutch Caribbean, almost every lawyer (attorney) or law firm claims to be the best, the leading, etc. Why are they all trying so hard? And does this do the trick for you? Even more importantly, does your [...

A PUBLIC LIMITED LIABILITY COMPANY AND LEGAL PERSONALITY

Posted on January 18, 2011
Dutch Supreme Court, Decision of 18 January 1901 Suppose you and several of your friends decided to combine your financial resources to start a business. You subsequently agreed on the incorporation of a limited liability company (NV). You also agreed on the amount each of you would put into the NV and the number of shares [...

ELYSIANTS PRESENTS SPIGTHOFF NIGHT GOLF TOURNAMENT

Posted on January 17, 2011
Your involvement in this entertaining event will help fund Caribbean Kids News What: The 1st Spigthoff Night Golf Tournament & Party When: Saturday, February 5th, 2011, from 17:00 thru 23:00 Where: Blue Bay Golf at Blue Bay Curacao Good cause: Caribbean Kids News .

SPIGTHOFF CELEBRATES 10 YEARS IN BUSINESS

Posted on January 11, 2011
Speech by Karel Frielink, January 10, 2011 Your Excellencies, Ladies and Gentlemen, Members of the Press, Friends and Colleagues! First of all, on behalf of the staff and management of Spigthoff, I want to sincerely wish all of you nothing but health and happiness in the New Year...

GOOD CORPORATE GOVERNANCE REVISITED

Posted on January 11, 2011
Where these rules not designed to protect companies from the government? It has been my opinion for many years already that government-owned companies should be kept out of the political sphere as much as possible, so that they may benefit from a commercial, businesslike and market-oriented management...

THE DUTCH CARIBBEAN IS NOT A LEGAL ENTITY

Posted on January 02, 2011
The Netherlands Antilles no longer exists! The Country the Netherlands Antilles consisted of Bonaire, Curacao, St. Maarten, St. Eustatius and Saba, and formed part of the Kingdom of the Netherlands. On October 10, 2010 the Netherlands Antilles ceased to exist as a country...

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