The Joint Court of Justice has ordered the appointment of a special supercommissioner to intervene in the conflict between the management of Ennia Aruba and the Central Bank of Curaçao and Sint Maarten (CBCS) regarding the sale of the company. According to the court’s decision, the newly appointed commissioner will be authorized to participate in board meetings of Ennia Aruba and will hold a decisive vote in all decisions related to the sale process.
This measure is valid immediately for the duration of the legal procedure, even if it deviates from the company’s current statutes. The court ruled that the salary and expenses of the commissioner are to be paid by Ennia Aruba. The legal proceedings have also involved other entities, including the Central Bank of Aruba and the Aruba Fair Trade Authority.
Reports from *Antilliaans Dagblad* indicate that the position will likely be filled by René Collé, a Dutch interim administrator with extensive experience in the insurance and pension sector. Neither the CBCS nor the management of Ennia Aruba has provided extensive public comments on the matter. The court’s decision places heightened legal supervision on the future of Ennia Aruba’s operations and the restructuring of the Ennia group.
Discussion about this post