WILLEMSTAD - An argument between Xecutive Corporate Management (XCM) and Cyberluck Curaçao has been fought in court. XCM has been proved right by the judge and Cyberluck Curaçao has been forced to rectify a ruling.
XCM is a Curacao-based trust office that represents various online casinos. The trust office conducts the business operations for these casinos and takes care of the license. XCM concluded the licenses with the company Cyberluck Curaçao. Cyberluck is one of the holders of a master license in Curaçao, which provides sub-licenses.
XCM and Cyberluck got into a clash at the end of April this year. According to XCM, Cyberluck attempted to transfer customers from XCM to a competing trust company. According to XCM, the company lost one-third of its customers as a result.
Cyberluck justified the conduct by posting a notice on its website accusing XCM of failing to comply with regulations. XCM director Christopher van Rosberg was also personally attacked in the article. Cyberluck then filed a complaint against XCM and director Van Rosberg with the Central Bank of Curaçao and Sint Maarten at the end of June.
Van Rosberg and XCM, in turn, filed a lawsuit against Cyberluck and its director Angelique Snel-Guttenberg. It asked the judge to order Cyberluck to abstain from wrongful rulings, rectify the allegations made, and resume services.
The judge rushed into the case and ultimately ruled in favor of XCM on all counts.