Tag archive for ‘settlement’
By The Publisher On Saturday, October 28th, 2023

Bank settles dollar-swiping case for 25 million

WILLEMSTAD — Maduro & Curiel’s Bank (MCB) settled the so-called dollar-swiping case with the Public Prosecutor’s Office for 25 million guilders (close to $14 million). Because of the settlement, the More...

By The Publisher On Thursday, October 26th, 2023

Heyliger pays $5 million and goes to prison for five years

PHILIPSBURG -- Former politician and founder of the United People’s party (UP) Theo Heyliger will pay the Public Prosecutor’s Office $5 million and await a summons to start serving a 5-year prison sentence, More...

By The Publisher On Thursday, August 19th, 2021

No talks about lower prison sentence for Theo Heyliger – UPDATED

PHILIPSBURG -- There are many rumors circulating about the fate of Theo Heyliger, the founder of the United People’s party (UP), who was sentenced in May of last year in the Larimar-trial to five years of imprisonment More...

By The Publisher On Tuesday, August 11th, 2020

TelEm-BTP settlement leaves many questions unanswered

  PHILIPSBURG – Telecommunication Minister Ludmila De Weever brokered a settlement between telecom provider Telem and Bureau Telecommunication and Post (BTP), according to a press release issued by the ministry. More...

By The Publisher On Wednesday, May 27th, 2020

Prosecution settles with accountants in card-swipe fraud

WILLEMSTAD – KPMG Meijburg & Co Caribbean has accepted a settlement of 140,000 guilders ($78,212) from the Public Prosecutor’s Office to prevent criminal prosecution. A manager of the company pays 65,000 More...

By The Publisher On Tuesday, September 4th, 2018

Nearly $700 Million USD paid out by NAGICO thus far; PJIA Airport latest recipient

Nearly $700 Million USD paid by NAGICO to insureds in the Caribbean thus far The US$58.2 Million Dollar judgement fully paid to Princess Juliana International Airport by NAGICO Philipsburg, Sint Maarten (September More...

By The Publisher On Tuesday, July 17th, 2018

NAGICO almost at a 100% settlement score

~ NAGICO continues to settle hurricane insurance claims at a score of 94% to date in St. Maarten, according to a company statement to StMaartenNews.com ~ PHILIPSBURG — NAGICO wrote to StMaartenNews.com that More...

By The Publisher On Sunday, May 6th, 2018

Settlement of insurance claim for Government building paves way for reconstruction

PHILIPSBURG — Settlement of the insurance claim for the repairs to the New Government Building due to the passing of hurricanes Irma and Maria pave the way for reconstruction of the building with an anticipated More...

By The Publisher On Friday, March 31st, 2017


The debate about the hospital the UP faction requested will today most likely unfold along familiar patters. The UP will make a big deal of the out of court settlement between SZV and Vamed, the Austrian company More...

By The Publisher On Friday, March 31st, 2017

SZV settles with Vamed for undisclosed amount

GREAT BAY – The development of the new general hospital is back on schedule as Vamed and SZV have settled all disputes out of court. The appeal procedures on the injunction ruling of November 26, 2016 in the More...