Tag archive for ‘bankruptcy’
By The Publisher On Saturday, September 30th, 2023

Saint Martin buys Air Antilles

Point-á-Pitre — The Commercial Court in Guadeloupe ruled on Friday that Cipim (the holding company of the Edeis Group) and the community of Saint Martin will take over part of Air Antilles. Air Guyane is More...

By The Publisher On Friday, June 30th, 2023

ENNIA needs millions to prevent cuts in pension payments

WILLEMSTAD — Insurance Company ENNIA is on the brink of bankruptcy, a situation that would directly affect more than 25,000 people in Curacao. To become solvent again ENNIA needs 650 million guilders (slightly More...

By The Publisher On Thursday, November 10th, 2022

Supreme Court’s conclusion goes against Eratos in Sabra-bankruptcy

PHILIPSBURG — The Erato-family is on the brink of losing ownership of 38 rights of apartment after a conclusion by the Supreme Court’s Attorney-General G. Snijders. This is the story about the downfall More...

By The Publisher On Thursday, January 17th, 2019

Insel Air on the verge of bankruptcy

PHILIPSBURG – Troubled airline Insel Air came one step closer to bankruptcy this week after the Court in First Instance withheld its approval of the so-called homologation agreement with its creditors. Intercaribbean, More...

By The Publisher On Monday, December 11th, 2017

Apartment complex in Oyster Pond at heart of corruption case against Corinne de T.

PHILIPSBURG – The anti-corruption task force (TBO) arrested Corrine de T. on Sunday on suspicion of money laundering, not reporting unusual transactions, operating a trust office without a permit and destruction More...

By The Publisher On Monday, October 10th, 2016

Bleak picture

The trustee’s report about the bankruptcy of Aquarius and Sabra paints a bleak picture of the business practices that led to the demise of these two companies and to tons of sorrow for duped investors. While the More...

By The Publisher On Friday, October 7th, 2016

Erato brothers held liable

GREAT BAY – Erato brothers held liable as people who bought into the failed Aquarius project in Red Pond will not see a penny of their investment due to bankruptcy. Photo caption: Part of the abandoned Aquarius More...