For regulated entities, implementing and adopting a compliance programme is an obligation and not an option. Article 34 of Law 155-17 for the prevention of money laundering and terrorist financing establishes this. Any of the regulated entities found to be in breach of the above would face administrative sanctions ranging from RD$300,000.00 to RD$4,000,000.00, as...
By Mónica Villafaña, partner and head of the Business and Corporate Division. This Wednesday, 14 July, the National Wage Committee has announced through its Resolution 1-2021 a wage adjustment authorising a new minimum wage for non-sectorised enterprises. The increase is effective from 16 July 2021. A non-sectorised company is considered to be any company that...
Rule 1 of 4 The Directorate General of Internal Taxes (DGII) has issued General Rule No. 06-2021 on Tax Receipts. In order to simplify administrative procedures and reduce the waiting time for obtaining tax receipts, this regulation reduces the deadline from 10 to 5 working days for the issuance of tax receipts from the...
According to the Real Academia de la Lengua Española or RAE (Royal Academy of the Spanish Language), “risk” is the contingency or proximity of damage. It could also be defined as a measure of the magnitude of damage in a given situation. In the area of Prevention of Money Laundering and Terrorist Financing (PLAFT), risk...
Santo Domingo. Dominican Republic. The renowned law firm Ulises Cabrera celebrates its 55th anniversary with its collaborators and closest friends. During the event held under the strictest biosecurity protocols, its partners reiterated the satisfaction of belonging to a firm with such a long history and reputation in the Dominican legal market. “I am very happy...
The law firm Ulises Cabrera, in collaboration with the Vida Azul Foundation, held a coastal clean-up on Saturday 12 June at Gübia Beach. Ulises Cabrera enlisted the support of 42 volunteers in an initiative aimed at fostering a culture of environmental awareness among its employees. The activity collected 515 pounds of rubbish, containing mainly plastic...
Since 1988, World Anti-Counterfeiting and Piracy Day has been celebrated on 8 June every year to raise awareness of the damage these crimes cause to commerce, health and safety, discouraging research, development and innovation, as well as the creativity of the human intellect in general. The offence of counterfeiting ranges from the false attribution of...
The advance of communication technologies has provoked a ???????????????????????????????????????? ????????????????????????????????????????????????????, ????????????????????????????????????????????, ???????????????????????????????????? ???? ???????????????????????????????????????? of the world’s social and economic order. Although the concept of ????????????????????????????́???? ???????????????????????????? dates back to the very emergence of the internet in the 1990s, we are still browsing tools, searching for answers, analysing their implications and assimilating the changes that...
On 31 March 2021 the National Directorate for Registration of Titles defined a unified approach to the requirements for real estate transactions that are usually processed in the Registries of Titles (RT). For the most part they already existed formally or were implemented through the customary practice of the RTs. The following are relevant and...
We are in the international ranking World Trademark Review (WTR 1000)! In addition, we are proud that the distinguished international platform has once again selected our partner and leader of the Intellectual Property and New Technologies practice, Magdalena Almonte, in the individual category. We share part of what they reviewed in the publication. ¨Almonte understands...
This story began in 1966, many years devoted to the practice of law in the Dominican Republic, a time in which passion, ethics and commitment have prevailed.
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