Published On: Mon, Jul 16th, 2018

Court: Emsley Tromp rightly dismissed from the Central Bank

TrompWILLEMSTAD - Emsley Tromp was rightly dismissed as president of the Central Bank of Curaçao and Sint Maarten (CBCS). This is according to a recent ruling of the Court of Justice.

Tromp's request to declare the termination of his employment contract null and void and to allow CBCS to pay various compensations is hereby rejected.

The former president was ordered to pay the costs of the proceedings on the side of the CBCS, which were estimated at 1,500 guilders. The CBCS 's request - which in response to the Tromp case itself also instituted a case, in order to cover itself in case the former president was in the right - has, however, been granted. The judge dissolved the employment contract between Tromp and the CBCS immediately, without awarding a compensation. Although it is actually seen as a fact that this agreement has already ended on October 17, 2017.

On the most important question in the ruling - whether the Tromp’s employment contract has ended in a legally valid manner - the court responds in the judgment in the affirmative. Tromp has been appointed as president of the CBCS by national decree by the Ministers of Finance of Sint Maarten and Curaçao, based on a recommendation by at least five members of the Supervisory Board (RvC). On the basis of Article 20, paragraph 3 of the Bank Statute, the President may also be dismissed by national decree on the recommendation of the Supervisory Board.

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