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Fabio Guzmán-Ariza joins the International Association of Managing Partners

The Managing Partner of Guzmán Ariza, Fabio J. Guzmán-Ariza, was invited to join the International Association of Managing Partners (IAMP), as a founding member of its Dominican chapter.

The IAMP is a global association for the Managing Partners of local, national and international law firms. Founded in London in 2004, it has grown to a worldwide membership of more than 350 individuals, ranging from sole practitioners to the leaders of some of the world’s largest law firms.

The association has chapters in more than 70 countries and now is launching its chapter in the Dominican Republic.

Mr. Guzmán-Ariza has been the managing partner of Guzmán Ariza since 1985 and has served as counsel to local and international corporations and individuals on Dominican legal issues for more than 35 years.

[December 2016]

Guzmán Ariza Recommended in IFLR 2017 Guide

The guide to the world’s leading financial and corporate law firms, International Financial Law Review (IFLR) 1000, ranked Guzmán Ariza as a “Recognized Firm” in its 2017 global ranking of law firms.

Guzmán Ariza received recommendations by clients and competitors for its Banking, Project Finance, M&A, Restructuring and Insolvency practices, and was praised for its innovative financial work. A client informed IFLR that “Guzmán Ariza provides accurate and reliable information, they provide several scenarios and they follow the chosen plan completely.”

In addition, Dr. Christoph Sieger, partner of the firm, was recognized as a “Leading Lawyer” in Mergers and Acquisitions (M&A). “Mr. Sieger is simply the best attorney I have worked with; he’s transparent and goes to the core of things, and he is as good as it gets in technical knowledge,” said a client.

Guzmán Ariza is the first and only national law firm in the Dominican Republic, with eight offices strategically located to serve clients in every major business and tourism center in the country.

[November 2016]

Partner of Guzmán Ariza Julio Brea-Guzmán Was Appointed Member of the Board of the Chamber of Commerce of Puerto Plata

The Chamber of Commerce of Puerto Plata appointed Julio Brea-Guzmán, partner at the law firm Guzmán Ariza, as a member of the Board which will be governed by the period 2016-2018.

In commenting to his appointment, Julio Brea-Guzmán noted that the constructive joint efforts of the members of the Chamber will continue to successfully improve and redevelop the region.

The new board members were announced last October during the Annual General Assembly of the chamber. These were elected by the members of the Council and approved by the shareholders who attended the ceremony.

[November 2016]

Guzmán Ariza Hires Two New Associates

Guzmán Ariza is pleased to announce the addition of two new associates to the firm: Lidio Duval and William Lora. They join a team of more than 40 legal and accounting professionals working from seven offices across the Dominican Republic.

“We are very excited to welcome Lidio and William to our team,” said Fabio J. Guzmán Ariza, Managing Partner of Guzmán Ariza. “They were both outstanding students in law school and we expect them to show the same dedication to our clients and the practice of law.”

Mr. Duval graduated summa cum laude, at the top of his class, from the UNIBE law school in Santo Domingo, and will be based in the Santo Domingo office of the firm. Mr. Lora is a summa cum laude graduate of UTESA law school in Puerto Plata, where he also headed his law class. He will be working from the Sosúa office of the firm.

Founded in 1927, Guzmán Ariza is the first and only national law firm in the Dominican Republic. With a multilingual and multinational staff, the firm has concentrated its practice since 1985 in servicing the business and personal needs of international clients.

[July 2015]

Pre-clearance Coming to Punta Cana International Airport

Punta Cana could soon become the first Dominican airport to offer pre-clearance facilities for entering the United States. This means that passengers flying out through PUJ would clear US immigration and customs in the Dominican Republic, allowing for an expedited entry into the United States. The facility at the present time is offered in 15 international airports around the world.

Successful Customs and Border Patrol (CBP) preclearance programs are in place in Dublin and Shannon (Ireland); Aruba; Freeport and Nassau in The Bahamas; Bermuda; Calgary, Toronto, Edmonton, Halifax, Montreal, Ottawa, Vancouver, and Winnipeg in Canada; and Abu Dhabi, United Arab Emirates.

[July 2015]

Guzmán Ariza Invested as Member of the Spanish Royal Academy

Fabio J. Guzmán Ariza was recognized as a corresponding member of the Spanish Royal Academy (Real Academia Española), the premier authority in the world on Spanish language usage, at a ceremony held in Santo Domingo at the Dominican Academy of Letters (Academia Dominicana de la Lengua).

Bruno Rosario Candelier, executive director of the Dominican Academy of Letters praised Mr. Guzmán’s for his many publications on Spanish language issues and for his commitment to improving the quality of legal drafting in Dominican official documents.

[July 2015]

Travel up 8.7 % in June

Travel to the DR in June has consistently increased. In 2013, the total number of travelers arriving to the Punta Cana International Airport in June was 431,554, increasing to 480,847 in 2014 and now to 522,490 in June 2015.

Also, there has been a steady growth per month this year: January (7.5%), February (7.2%), March (7.3%), April (3.8%), May (8.1%), June (8.7%).

Punta Cana is leading as the preferred leisure destination, according to the Central Bank Statistics Department.

[July 2015]

DR Has More Than 400,000 Businesses

The Dominican Republic has around 410,000 businesses, including both formal and informal businesses, according to a survey prepared by the office of Small Business (Pymes) at the Ministry of Industry and Commerce.

Retail shops and stores account for more than 40 % of the businesses across Peravia, La Romana and Espaillat. In La Romana, firms involved in tourism next account for 11.4% of businesses surveyed. While in Peravia and Espaillat, beauty parlors and barber shops are second in importance, with 14.2 % and 12.2%, respectively.

Colmados selling food and beverage prevail, while betting parlors make up 12% of the small businesses in these provinces.

The results of the complete nationwide survey are expected to be available by the end of the year.

[July 2015]

Tourism grew 7.5 % in 2014

The Central Bank reports that tourism growth of 7.5 % of GDP in 2014 was 3.6 % greater than in 2013. The Central Bank attributes the growth of the sector to a 9.6 % increase in non-resident passenger arrivals. There was also a 3.1 % increase in the national hotel room inventory, with 2,060 new rooms added this year. The Central Bank says that tourism receipts increased by 11.3 %, with tourism contributing an estimated US$5.64 billion to the economy in 2014.

[February 2015]

Illegal Immigrants Will be Deported

José Ricardo Taveras, Head of the Immigration Department, has reiterated that foreigners who do not comply with the National Legalization Plan face possible deportation.

Mr. Taveras added that the intent is not to identify and deport illegal immigrants, but to offer clear guidelines on how to go about acquiring legal status in the Dominican Republic. However, he stressed that those who do not choose to regularize their status or leave voluntarily will be expelled from the Dominican Republic.

[April 2014]