Our expertise
Insolvency & Restructuring
With years of experience in assisting companies experiencing financial difficulties, our Insolvency & Restructuring team is the leading team in the Dutch Caribbean.
Our approach to any request for advice or assistance is characterized by our clients as thorough and hands on. We work closely together with the experts in our Banking & Finance and Corporate/M&A teams.
We assist clients whose businesses find themselves in financial distress and in need of restructuring as well as assisting lenders of such parties. In such situations, a vast number of risks converge at the same time that need to be addressed and quickly so. Our expertise lies in advising on and management of all types of restructuring/liquidation and insolvency-related issues in the broadest sense of the word.
The experts within our Insolvency & Restructuring team also regularly act as Court appointed bankruptcy receivers in insolvencies with a local as well as a more international connotation like -recently- the bankruptcies of the Curacao branch of Lehman Brothers, the Curacao based bank with Venezuelan roots, Banco del Orinoco N.V. and the local airline company Insel Air.
Bankruptcy reports Aruba, Bonaire, Curacao and St. Maarten
Aruba
Bonaire
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ABBA General Contractors B.V.
Mr. D.C. Narvaez acts as the bankruptcy trustee of ABBA General Contractors B.V.
Curacao
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Lehman Brothers Securities N.V. – COMPLETED
Mr. M.R.B. Gorsira acted as the bankruptcy trustee of Lehman Brothers Securities N.V.
Public bankruptcy reports upon request via: Danilo Narvaez
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Insel Air International B.V.
Mr. R.F. van den Heuvel acts as the trustee of Insel Air International B.V.
- Court order provisional moratorium 14 March 2017
- Public moratorium report 1
- Ordination definitive suspension of payment 25 August 2017
- Public moratorium report 2
- Public moratorium report 3
- Public moratorium report 4
- Public moratorium report 5
- Draft creditors agreement (20 November 2018)
- Ordination (16 January 2019)
- Public bankruptcy report 1
- Public bankruptcy report 2
- Public bankruptcy report 3
- Public bankruptcy report 4
- Public bankruptcy report 5
- Public bankruptcy report 6
- Public bankruptcy report 7
- Public bankruptcy report 8
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Banco del Orinoco N.V.
Mr. M.R.B. Gorsira and Mr. C.M. van Liere act as bankruptcy trustees of Banco del Orinoco N.V.
- Court order 4 October 2019 (Dutch)
- Court order 4 October 2019 (English)
- Court order 4 October 2019 (Spanish)
- Public bankruptcy report 1 (Dutch)
- Public bankruptcy report 1 (English)
- Public bankruptcy report 2 (Dutch)
- Public bankruptcy report 2 (Spanish)
- Public bankruptcy report 3 (Dutch)
- Public bankruptcy report 4 (Dutch)
- Public bankruptcy report 4 (English)
- Public bankruptcy report 4 (Spanish)
- Public bankruptcy report 5 (Dutch)
- Public bankruptcy report 5 (English)
- Public bankruptcy report 5 (Spanish)
- Public bankruptcy report 6 (Dutch)
- Public bankruptcy report 6 (English)
- Public bankruptcy report 6 (Spanish)
- Public bankruptcy report 7 (Dutch)
- Public bankruptcy report 7 (English)
- Public bankruptcy report 7 (Spanish)
- Public bankruptcy report 8 (Dutch)
- Public bankruptcy report 8 (English)
- Public bankruptcy report 8 (Spanish)
- Public bankruptcy report 9 (Dutch)
- Public bankruptcy report 9 (English)
- Public bankruptcy report 9 (Spanish)
- Public bankruptcy report 10 (Dutch)
- Public bankruptcy report 10 (English)
- Public bankruptcy report 10 (Spanish)
- Public bankruptcy report 11 (Dutch)
- Public bankruptcy report 11 (English)
- Public bankruptcy report 11 (Spanish)
- Public bankruptcy report 12 (Dutch)
- Public bankruptcy report 12 (Spanish)
- Public bankruptcy report 13 (Dutch)
- Public bankruptcy report 13 (Spanish)
- Ordination re verification meeting 26 October 2023
- List of Provisionally Admitted Claims Banco del Orinoco N.V.
- List of Provisionally Contested Claims Banco del Orinoco N.V.
- Composition Plan – Banco del Orinoco N.V. (1 December 2023)
- Report bankruptcy receiver claims admission meeting 11 December 2023 (Dutch)
- Report bankruptcy receiver claims admission meeting 11 December 2023 (English)
- Comments bankruptcy receiver claims admission meeting 11 December 2023 (Dutch)
- Comments bankruptcy receiver claims admission meeting 11 December 2023 (English)
- Court report verification meeting 11 December 2023 (Dutch)
- Court report verification meeting 11 December 2023 (English)
- Court report verification meeting 11 December 2023 (Spanish)
- Public bankruptcy report 14 (Dutch)
- Public bankruptcy report 14 (Spanish)
- Ordination supervisory judge 13 May 2024 (Dutch)
- Ordination supervisory judge 13 May 2024 (Spanish)
- Public bankruptcy report 15 (Dutch)
- Public bankruptcy report 15 (Spanish)
- List of admitted claims continuation creditors meeting Banco del Orinoco NV
- List of contested claims continuation creditors meeting Banco del Orinoco NV
- NED Proces verbaal verificatievergadering 27 september 2024
- SPA Proces verbaal verificatievergadering 27 september 2024
- 20241022 Anonymous Creditors’ List of Admitted Claims Banco del Orinoco N.V.
- 20241022 Anonymous Creditors’ List of Contested Claims Banco del Orinoco N.V.
- Ordination supervisory judge 30 October 2024 (Dutch)
- Ordination supervisory judge 30 October 2024 (Spanish)
- Public bankruptcy report 16 (Dutch)
- Public bankruptcy report 16 (Spanish)
- 20241121 List of provisionally admitted claims Banco del Orinoco NV (Anonymous)
- 20241121 List of provisionally contested claims Banco del Orinoco NV (Anonymous)
- 20241127 New Composition Plan Banco del Orinoco NV
- Ordination 3 December 2024 re members creditors’ committee (Dutch)
- Ordination 3 December 2024 re members creditors’ committee (Spanish)
- Report verification of claims Banco del Orinoco N.V. (Dutch)
- Report verification of claims Banco del Orinoco N.V. (English)
- Report verification of claims Banco del Orinoco N.V. (Spanish)
- Bankruptcy report for the creditors’ meeting of Banco del Orinoco N.V. 6 December 2024 (Dutch)
- Bankruptcy report for the creditors’ meeting of Banco del Orinoco N.V. 6 December 2024 (English)
- Bankruptcy report for the creditors’ meeting of Banco del Orinoco N.V. 6 December 2024 (Spanish)
- Advice Bankruptcy Receivers on the Composition Plan (Dutch)
- Advice Bankruptcy Receivers on the Composition Plan (English)
- Advice Bankruptcy Receivers on the Composition Plan (Spanish)
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Rich Interiors B.V. – COMPLETED
Mr. D. C. Narvaez acted as bankruptcy trustee of Rich Interiors B.V.
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METIS Adviseurs Installatie- en Energietechniek B.V. – COMPLETED
Mr. D. C. Narvaez acted as bankruptcy trustee of METIS Adviseurs Installatie- en Energietechniek B.V.
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Koffiekaatje B.V.
Mr. D. C. Narvaez acts as bankruptcy trustee of Koffiekaatje B.V.
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R&H Technical Services & Parts Sales BV
Mr. D. C. Narvaez acts as bankruptcy trustee of R&H Technical Services & Parts Sales BV
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Foundation Head & Neck Center
Mr. D. C. Narvaez acts as bankruptcy trustee of Foundation Head & Neck Center
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White Sand Properties B.V.
Mr. D.C. Narvaez acts as the bankruptcy trustee of White Sand Properties B.V.
St Maarten
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Hypnotic Hotel & Entertainment N.V. (suspension of payments) – COMPLETED
Mr. M.R.B. Gorsira acted as the trustee of Hypnotic Hotel & Entertainment N.V.
Court order 3 June 2016 -
JMC Investments & Holdings International N.V. – COMPLETED
Mr. M.R.B. Gorsira acted as the trustee of JMC Investments & Holdings International N.V.
Court order 3 June 2016
Our people
Acting as one team, we offer an integrated service throughout the Dutch Caribbean.
Danilo Narvaez
Senior associate
Danilo Narvaez is an associate and co-lead of the Insolvency & Restructuring department together with Michiel Gorsira. Danilo is active in both Commercial & Litigation and Corporate & Banking section of our firm.
Michiel Gorsira
Of Counsel
Michiel Gorsira is a pro-active and pragmactic attorney-at-law and the driving force of our insolvency practise.
Rogier van den Heuvel
Partner
Rogier van den Heuvel has over 15 years of experience in business and commercial litigation. He is one of the driving forces of our corporate litigation practice and a specialist in the field of competition law.
Danilo Narvaez
Senior associate
Danilo Narvaez is an associate and co-lead of the Insolvency & Restructuring department together with Michiel Gorsira. Danilo is active in both Commercial & Litigation and Corporate & Banking section of our firm.
Michiel Gorsira
Of Counsel
Michiel Gorsira is a pro-active and pragmactic attorney-at-law and the driving force of our insolvency practise.
