Willemstad – In connection with the financial support that Curacao needs, the Netherlands has made an offer (according to it without obligation) for long-term liquidity support. This on the condition that reforms deemed necessary will be implemented. The Netherlands has (unilaterally) set the condition for the promised financial support to include the entry into force of a consensus Kingdom Act Caribbean Reform Entity (CHE).
The above has caused a great deal of controversy, particularly regarding the manner in which a consensus Kingdom Act is established, or at least the agreement to establish consensus Kingdom Acts, and the far-reaching infringement of the consensus Kingdom Act on the autonomy of the countries of Curaçao, Aruba and St. Maarten.
Already in April 2010, before the dissolution of the Netherlands Antilles on 10 October 2010, Mr. N. Qoubbane, in his article in the Tijdschrift voor Constitutioneel Recht, gave extensive attention to the way in which consensus Kingdom laws are drafted and between whom and what an agreement should be reached.
For a further insight into the legal figure of the consensus Kingdom Act, please click on the attachment below.
