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Curoil and Capella reach a settlement

At the insistance of the Court, the Board of Directors of Curoil and General Manager Gensley Capella reached an on-the-spot settlement yesterday during a summary proceedings instituted by the latter against his suspension.

WILLEMSTAD – At the insistance of the Court, the Board of Directors of Curoil and General Manager Gensley Capella reached an on-the-spot settlement yesterday during a summary proceedings instituted by the latter against his suspension.

The General Manager of the troubled company will receive special leave on full pay and without using up leave entitlements, until 15 September. This will give the Board of Directors an opportunity to conduct an investigation with the help of Forensic Services Caribbean into the alleged fraud disturbance sometimes referred to as ‘negoshi den negoshi’ (a business within a business), involving two Curoil employees.

Capella is not permitted to enter the Curoil site, is not allowed to be involved in any company decisions, and can go abroad for a maximum of two weeks, provided he remains contactable.

Humberto D’Abreu de Paulo, delegated director

It was the Court, even before submission by the barrister had been completed, that prevailed upon the parties to sit down together and reach a settlement.  This was necessary because the request by the Board of Directors that the General Manager take (compulsory) leave, was initially rejected by him.  Furthermore, because Capella also set certain conditions, the Board of Directors considered it necessary to suspend him.  It therefore became special leave.  In the meantime, a member of the Board of Directors, Humberto ‘Tico’ d’Abreu de Paulo was charged with the day-to-day management of Curoil.  He will be doing as the so-called ‘delegated director’.

Curoil does not have a deputy general manager.  Capella was represented by his barrister, Ronald Koeijers, whilst the Board of Directors had engaged Mayesi Hammoud and Molly Steward.

Source: National Newspaper Antilliaans Dagblad, 20 August 2008

Curoil was represented in this matter by Molly Steward and Mayesi Hammoud of the law firm VanEps Kunneman VanDoorne.

dinsdag 02 september 2008 21:16