Best Project Finance Lawyers in Aruba

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Founded in 1983
50 people in their team
Dutch
English
De Cuba Ormel Noordhuizen Attorneys at Law is a boutique law firm comprised of a select team of experienced, multi-lingual attorneys. We invite you to learn more about our team’s experience and qualifications by reading the attorneys profiles and contacting us for a consultation.De Cuba Ormel...
Kloes Kock & Partners - KKP
Oranjestad, Aruba

Founded in 2013
50 people in their team
Dutch
English
Our focus is to listen to our clients and work diligently and efficiently to help our clients achieve their goal. We ensure this by working closely with them in order to understand their objectives and consequently accommodate their needs.At Kloes Kock & Partners we strive to provide...
Croes Wever Ruiz Attorneys
Oranjestad, Aruba

Founded in 1970
10 people in their team
Dutch
English
Croes Wever Ruiz Attorneys At Law was founded in 1970, and is presently the longest-standing partnership under the jurisdiction of the Common Court of Appeals of Aruba, Curaçao, St. Maarten and of Bonaire, St. Eustatius, and Saba. We are admitted to the exercise of legal profession in Aruba,...
DavidKock Legal
Oranjestad, Aruba

Founded in 1992
50 people in their team
Dutch
English
DAVIDKOCK DIAZREUS is estbalishedin the Kingdom of the Netherlandsand the Republic of Colombia. It is thelocal partner of the Diaz Reus & TargLLP network, an internationalAmerican law firm with offices aroundthe world with headquarters in Miami,Florida (www.diazreus.com)​Our lawyers are...
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About Project Finance Law in Aruba

Project Finance in Aruba refers to the legal and financial structuring of large, capital-intensive projects such as infrastructure, energy, tourism developments, and major public works. Unlike traditional forms of financing, project finance typically relies on the project's own cash flow and assets for repayment, rather than the creditworthiness of the project sponsors. Aruba, as a prominent jurisdiction for tourism and development projects, has a growing landscape of project finance opportunities supported by its legal system, which accommodates both local and international investors.

Why You May Need a Lawyer

Engaging a lawyer experienced in Project Finance in Aruba is important for navigating the complexities associated with large-scale development or partnership projects. Here are some common situations where legal help is essential:

  • Structuring project finance arrangements and negotiating terms with lenders, sponsors, and local authorities.
  • Drafting, reviewing, and negotiating financing and security agreements to protect participants’ interests.
  • Ensuring compliance with local legislation, including regulations on foreign investment, environmental permits, and land use.
  • Facilitating due diligence processes to identify legal risks for stakeholders involved in the project.
  • Resolving disputes that may arise between stakeholders, government agencies, or suppliers.
  • Assisting with regulatory filings and coordination with local governmental bodies.
  • Advising on tax, licensing, and repatriation of profits relevant to international parties.

Local Laws Overview

Project Finance in Aruba is shaped by both civil law and sector-specific regulations set by government bodies. Key legal aspects relevant to project finance include:

  • Commercial Code: Governs contracts, partnerships, and company formation, ensuring that joint ventures and special purpose vehicles can be safely established.
  • Foreign Investment Regulations: Aruba generally welcomes foreign investments but may require local participation or registration for certain sectors.
  • Securities and Collateral: The local legal system provides for various forms of security interests, including mortgages on real estate and pledges over movable property or receivables.
  • Environmental and Zoning Laws: Projects must comply with environmental standards and use permits set by local authorities, especially for hospitality and infrastructure projects.
  • Banking and Anti-Money Laundering Laws: Funding for projects must comport with the requirements established by the Central Bank of Aruba, including anti-money laundering and capital controls.
  • Public-Private Partnership (PPP): Aruba encourages PPPs, especially for infrastructure and energy, with defined frameworks for cooperation, risk-sharing, and dispute resolution.

Frequently Asked Questions

What is Project Finance?

Project Finance is a financial structure where lenders provide funds for a project based primarily on the expected cash flows of the project rather than the balance sheets of the sponsors.

Can foreign investors participate in Project Finance in Aruba?

Yes, Aruba encourages foreign direct investment. However, certain projects may require compliance with sector-specific regulations or partnerships with local entities.

How is risk managed in Project Finance in Aruba?

Risks are commonly managed through detailed contracts, security arrangements, insurance, and comprehensive due diligence processes tailored to local Aruban laws.

What types of security can be used in Project Finance?

Common forms of security include mortgages on land or property, pledges on equipment and receivables, and assignment of project rights or insurance proceeds.

Are there restrictions on repatriating profits?

Aruba does not have controls on repatriating profits, but tax and regulatory filings must be complied with before funds can be transferred abroad.

Do I need government approval for my project?

Many projects, especially in energy, infrastructure, or tourism, will require permits, licenses, and sometimes government approvals, especially for environmental and zoning compliance.

What happens if a dispute arises between project parties?

Disputes may be resolved through negotiation, mediation, arbitration, or litigation, with parties often choosing arbitration for efficiency and neutrality.

Is there specific legislation for PPPs in Aruba?

While Aruba has a framework supporting public-private partnerships, each PPP is typically governed by contract, subject to general commercial and administrative law.

Can local banks provide project finance?

Several local and regional banks participate in project finance in Aruba, often in cooperation with international financial institutions for large projects.

What legal documents are essential for Project Finance?

Key documents often include loan agreements, security documents, shareholder agreements, construction contracts, concession agreements, and insurance documentation.

Additional Resources

If you need further information about Project Finance in Aruba, the following resources and organizations may offer guidance or support:

  • Central Bank of Aruba: Provides regulatory guidance for financial transactions and anti-money laundering requirements.
  • Aruba Investment Agency (ARINA): Offers support and information to foreign and local investors, especially for large-scale projects.
  • Ministry of Economic Affairs, Communication, and Sustainable Development: Issuer of permits, licenses, and regulatory approvals relevant to project development.
  • Chamber of Commerce and Industry Aruba: Offers information about setting up business structures and project-related registrations.
  • Local and regional law firms: Many firms have dedicated sections or expertise in project finance and related legal services.

Next Steps

If you are considering involvement in a project finance venture in Aruba or need legal support, consider these steps:

  • Clearly define your project’s objectives, scope, and financing needs.
  • Engage a qualified lawyer or legal team with expertise in Aruban project finance laws.
  • Prepare necessary documentation for due diligence, including business plans, feasibility studies, and financial statements.
  • Schedule consultations with relevant governmental agencies to understand the regulatory landscape.
  • Assess potential risks and legal structures optimal for your investment and business goals.
  • Seek advice on contract negotiation, securing permits, and ongoing compliance requirements.

Obtaining legal advice early in the process helps ensure your project proceeds smoothly, with risks minimized and opportunities maximized in accordance with Aruba’s legal and regulatory framework.

Lawzana helps you find the best lawyers and law firms in Aruba through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Project Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Aruba - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.