News

In M&A transactions, parties often agree to deposit a part of the purchase price with a third party, the escrow agent, for a certain period of time in order to offer the purchaser security for any future claims under the guarantees and/or...Read More

A representative can legally bind the principal unless the representative has exceeded the limits of his representative authority. However, a counter party may justifiably rely on authority of the representative when this reliance is caused by a statement, act or omission of...Read More

Prior to a transaction, a potential buyer nearly always engages a law firm to assist with performing a due diligence investigation into the target company. The purpose of such due diligence investigation is to identify the (possible) risks and give certain recommendations...Read More

Pursuant to the Curaçao Corporate Code the Enterprise Chamber of the Joint Court of Justice may, at the request of an interested party such as a shareholder, order an inquiry (investigation proceedings) into the policy and affairs of a corporation. Such an...Read More

Whether a bank may validly close an account of a client, even on the basis of a contractually agreed termination provision, is often not straightforward and depends on the type of client (a consumer or a company), the availability of alternatives for...Read More

In the Dutch Caribbean, bank guarantees are common financing arrangements and are used to obtain security for the underlying legal relationship. The parties to a bank guarantee are the principal, the beneficiary, and the bank. A particular type of bank guarantee is...Read More