By Paola Reinoso, Compliance Officer and Heiddy Moronta, Senior Associate. The Directorate General of Internal Taxes (DGII) has issued General Norm No. 03-2022, which regulates external audits on the Prevention of Money Laundering and Financing of Terrorism and Weapons of Mass Destruction. Rule 03-2022 establishes the minimum aspects that all obliged entities must take into...
According to resolution 0002-2022 issued on 7 January 2022 by the Ministry of Public Health and Social Assistance, the isolation period for persons testing positive for Covid-19was regulated. This regulation stipulated that when a person obtains a positive result for Covid-19 from a laboratory authorised by MISPAS, and is asymptomatic or requires outpatient treatment, he/she...
By José Jeréz, Associate. On December 7, 2021, the National Salaries Committee announced the approval of a 21% increase in the minimum wage for employees in the free trade zone sector. The new minimum wage will be RD$13,915.00, effective 1 January 2022. The increase of minimum wage in free trade zones in the Dominican Republic...
We are pleased to share with you the work “Derechos Intelectuales Volumen 26″ which contains a compilation of works that deal with new and current aspects in the field of Intellectual Property, edited and published by the Interamerican Association of Intellectual Property(ASIPI). In volume III, page 246, our member Magdalena Almonte writes about the topic...
By José Jeréz, Associate. On the occasion of Resolution No. 02-2021, dated 12 November 2021 issued by the National Wages Committee, the minimum wage in the Dominican Republic was increased for workers rendering services in hotels, casinos, restaurants, bars, cafés, nightclubs, pizzerias, pica pollos, fast food businesses, chimichurris, ice cream parlours and other unspecified gastronomic...
By Iris Villafaña, Junior Lawyer The National Committee Against Money Laundering and Financing of Terrorism (CONCLAFIT) on 30 July 2021 issued Resolution No. 01-2021. This resolution updates the administrative fines provided for in Articles 74, 75 and 78 of Law 155-17. In this regard, the DGII has informed the new amounts of fines for Non-Financial...
The term ethics comes from the Greek “éthos”, which referred to the character of people in ancient Greece. However, this word evolved and began to refer to the way human beings act, in terms of correct or good behaviour. In this way we can establish that nowadays ethics refers to the behaviour of the person...
The law firm Ulises Cabrera, has been selected by the British directory The Legal 500, as one of the leading law firms in the Dominican Republic. Ulises Cabrera, a law firm with over 50 years of experience, has been ranked in the practice areas of Corporate and Mergers & Acquisitions, Intellectual Property and Dispute Resolution,...
By Iris Villafaña , Heiddy Moronta and Paola Reinoso Terrorist financing (TF) is any form of economic action, aid or mediation that provides financial support for the activities of terrorist elements or groups. The increased focus on the importance of combating terrorist financing comes in the aftermath of the attacks of 11 September 2001 and...
By: Magdalena Almonte and Aidaluz Pimentel. Summary: Eco-innovation, or innovation aimed at reducing the impact on the environment, is a global priority today in order to mitigate the harmful effects caused by industry, with industrial property playing a major role in encouraging the creation of sustainable inventions, disseminating available technology, and ultimately providing a greater...
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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