The Dutch West India Company (WIC), founded in 1621, was, in the words of the States General, “disbanded and destroyed” in September 1674 due to bankruptcy. In its stead, a second West India Company was founded, with a charter largely taken over from the first. This article explores how the dissolution of the first company and the conflicting interests of stockholders, bondholders, and company directors were managed. As it turns out, the old company was not actually liquidated; instead, its assets were simply handed over to the successor company, while an intricate financial construction was devised to take care of the debt burden and to capitalize the new company. The reasons for this unusual arrangement must be sought in the company's great political, and particularly geopolitical, importance. Since the Dutch state was unwilling and unable to handle colonial governance and defence itself, it needed a placeholder in the form of a chartered company. However, the bankruptcy of the WIC, coming at the time it did, had major consequences for the shape of the Dutch Atlantic of the eighteenth century.

This article examines the decision-making process for a new fort which the Dutch West India Company proposed to build near Takoradi in present-day Ghana in the third quarter of the eighteenth century. By closely following the process of design, evaluation, and redesign of the fort, this article argues that the WIC was institutionally incapable of coordinating and carrying out such a complex project. The original design for the new fort was made in 1774 by Johan Frederik Trenks, a Silesian-born engineer who, as it turned out, was not current with modern design practices and used Dutch examples from the first half of the seventeenth century. The design was sent to the Netherlands for evaluation and returned with scathing criticism. The long, drawn-out process of design, evaluation, and redesign of what was after all a relatively small fort show the institutional paralysis of the WIC in the years leading up to the Fourth Anglo-Dutch War (1780–84). Though the fort would never be completed, construction did begin shortly before the war. The conflict, followed shortly thereafter by the dissolution of the WIC, meant the project would never be completed.