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End in Sight of Property Settlement of Former Netherlands Antilles

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After years of work, the effort to settle the assets of the former Netherlands Antilles, which was split on October 10, 2010 in the autonomous states Curaçao, St. Maarten and the three BES islands (Bonaire, St. Eustatius and Saba), was in its final stages in early November 2014. A Small Commission handed its report to Mr. Faroe Metry, president of the Settlement Commission.

The committee will hand over its preliminary final report to the Ministers of Finance of Curaçao and St. Maarten, and also the Minister of the Interior and Kingdom Relations in The Hague. The report will include a proposal as to how to divide the estate on the islands, and will be accompanied by a report from KPMG on its findings. The estate includes real estate properties, interests in public companies and trade receivables, as well as outstanding debts. The ministers will have three months after receiving the report to make a judgment about the proposals.