Mergers, acquisitions and investment flourish in a welcoming environment
Introduction Foreign investment in the Dominican Republic is continuing to expand and the number of corporate transactions, including mergers and acquisitions, is steadily increasing. Business combinations in which one entity gains control of, or a controlling interest in, another occur frequently. The preferred option for managing a business combination is through a merger or
Securitizations Simplified In The Dominican Republic
Over the past decade or so, the Dominican Republic, a member of the International Organization of Securities Commissions (“IOSCO”) and one of the countries that subscribes to the Organization for Economic Cooperation and Development (“OECD”) Principles of Corporate Governance, has taken numerous steps to modernize its banking and financial systems, from updating
New law facilitates development of mortgage market
Introduction The Dominican Republic recently enacted a law that is helping the country's mortgage market to develop while providing significant opportunities for investors, as well as a boost for the country's efforts to expand its housing stock. The new law defines a number of key terms, including 'trust', 'settlor', 'trustee' and 'beneficiary'.
Dominican Republic Law Provides Significant Incentives to Film Industry
Almost 40 years ago, director Francis Ford Coppola went to the Dominican Republic to film the memorable Cuba scenes for The Godfather: Part II. As hospitable as the country was to the director, his crew and the actors at that time, things have gotten even better. The film industry in the
Real Estate Guide 2011
1 Real Estate Law 1.1 Please briefly describe the main laws that govern real estate in the Dominican Republic. Laws relating to leases of business premises should be listed in response to question 10.1. Those relating to zoning and environmental should be listed in response to question 11.1. The main governing legal
Benefits granted by the Dominican Social Security System
The Dominican Social Security System is regulated by Law 87-01, dated May 9, 2001 and by its corresponding regulations for application. The purpose of granting such law was to create the Dominican Social Security System (SDSS for its Spanish acronym) and to protect and provide benefits to all citizens regarding their
Deadline Extension for the Transformation and Adecuation of Dominican Companies
Law 73-10 regarding the deadline extension for Dominican company transformations and adecuations has recently been approved. This law was approved in reference to Law No.479-08 on Companies and Individual Enterprises with Limited Liability in the Dominican Republic, promulgated on December 11, 2008 announcing the new regulations and requirements for newly
Rights and Obligations for pregnant employees
As we have mentioned in a previous article, Labor Rights and Obligations for both Dominican and Foreign Employees, Dominican labor laws are applicable for both Dominican and foreign employees, in addition to pregnant women who are not the exception and whose rights and obligations will be discussed herein. Dominican labor laws
Labor rights and obligations for both Dominican and foreign employees
Quite commonly, foreigners working in the Dominican Republic are unaware of their rights and obligations, those which are established in the Dominican Labor Code and are applicable to both Dominicans and foreigners, including those who are laboring in the country without the required legal permit. Rights So does this mean that foreigners
Law for Promoting the Film Industry of the Dominican Republic (No. 108-10)
Read the PDF: Law for Promoting the Film Industry of the Dominican Republic (No. 108-10) Law for Promoting the Film Industry of the Dominican Republic (No. 108-10) September 2010 INTRODUCTION TABLE OF CONTENT With the aim of stimulating the development, production, dissemination and preservation of Dominican films, as a mean of communication and cultural