WILLEMSTAD – The Sint Elisabeth Foundation (Stichting Sint Elisabeth), successor to the entity that operated Curaçao’s oldest hospital until the end of 2019, has been officially declared bankrupt. The Court of First Instance issued the ruling this week after the foundation’s warnings about its financial distress went unheeded. The foundation had filed claims against the government for just over 22 million guilders and sought nearly 58 million guilders in damages — none of which were paid.
According to the board of the Sint Elisabeth Foundation (SEF), the bankruptcy is a direct result of the lack of a final settlement with the Government of Curaçao, as outlined in a 2013 memorandum of understanding….
