News Archives - Page 20 of 31 - Guzmán Ariza | The Dominican Republic Law Firm

Christoph Sieger Chairs the German Chamber of Commerce for Central America and the Caribbean

The German Association of Chambers of Commerce, Tourism and Industry for Central America and the Caribbean (AHK Central America/Caribbean) named Christoph Sieger, partner of our firm and current president of the Dominican AHK, as regional president of the chamber on an event held in Panamá.

The AHK Central America/Caribbean promotes trade and economic relations between Germany and the seven chambers of the region: Honduras, Guatemala, El Salvador, Nicaragua, Dominican Republic, Costa Rica and Panamá.

These seven autonomous and binational chambers include more than 600 member companies.

The AHK Central America/Caribbean supports these seven chambers and develops regional initiatives for Germans to perceive Central America and the Caribbean as an economic and investment region.

[April 2016]

Guzmán Ariza at International Living

Guzmán Ariza participated in the international real estate conference IL’s Fast-Track Your Retirement Overseas Event, organized by International Living in Louisiana, United States. More than 200 potential retirees attended the International Living conference looking for the best place where to spend their golden years. Guzmán Ariza was the only law firm representing the Dominican Republic.

César Calderón, partner of the firm, presented a summary of the most important aspects of buying real estate in the Dominican Republic, and of obtaining residency and citizenship in the Dominican Republic.

[April 2016]

Fundéu to open in the Dominican Republic

The Fundación del Español Urgente (Fundéu), sponsored by the EFE, the Spanish news agency, is considering the possibility of opening an office (the first one outside of Spain) in the Dominican Republic, in collaboration with Guzmán Ariza Foundation Pro Dominican Academy of Letters.

Fundéu makes daily recommendations to the press and the general public on language issues.

[April 2016]

Guzmán Ariza Launches Book in Puerto Plata

Guzmán Ariza Attorneys at Law presented in Puerto Plata the book Repertorio de la jurisprudencia civil, comercial e inmobiliaria de la República Dominicana (2001-2014), written by managing partner Fabio J. Guzmán Ariza.

The presentation was held at the event hall of the Puerto Plata Chamber of Commerce with the presence of prominent lawyers and judges. Vilma Díaz Colombo, judge at the Land Court in Puerto Plata, and Carlos Balbuena, a local attorney, spoke at the event.

The compilation of the civil, commercial and real estate case law in the Dominican Republic (2001-2014), condenses and organizes the rulings made by the Supreme Court and the Constitutional Court of the Dominican Republic.

[April 2016]

Promoting New Tourism Development in Las Terrenas

According to news reports, foreign investors approved a proposal for the Las Terrenas Development Plan at a meeting with Las Terrenas municipal authorities. As reported by Noticias SIN, Mariana Vanderhorst, temporary Las Terrenas mayor and the project promoter, sent a written request to private companies on 18 February 2016 with a plan to build a golf course in Las Terrenas as part of a major real estate development and the reorganization of the city government and educational community and public infrastructure to adjust it to the tourism area. The plan needs to be approved by the private investors and would then pass through the other institutions, including the city council, and the ministries of Tourism and Environment.

Samana’s development has been adversely affected by the recent cancellation of the JetBlue flight from New York to Samana airport and the high cost of the toll roads linking Santo Domingo to Samaná and Las Terrenas.

[April 2016]

DR Chamber of Commerce in Spain

The Dominican Republic Chamber of Commerce in Spain is now up and running. The new chamber, an initiative by the Dominican Embassy in Madrid will strive to unite public and private ventures aimed at strengthening trade between Spain and the Dominican Republic. Ambassador Anibal de Castro says the new chamber will play an active role in promoting trade at the highest levels.

“The Chamber will serve as a communication tool between yourselves and the businesspeople who seek to do business in the country as well as communication bridge with government authorities,” stated De Castro.

The Cremades & Calvo-Sotelo law firm, which helped with the formation of the new chamber, will remain on the board as general secretary.

Founding partner Javier Cremades described the new chamber as a historic event in the trade relations between Spain and the DR. He said it would contribute to the business climate for future generations.

The founding member companies include Grupo Varma, Davidoff, Grupo Global Exchange, Blinter Cargo, Ciclauto Automocion, Corporacion Alimentaria Vima, Consorcio Procaribe, Grupo Martinon-Grumasa, Softland, Incatema Consulting, Ingeotrans, Viavansi, Serviguide, and Favero & Kolskinsche.

[April 2016]

Guzmán Ariza at MIPIM

Guzmán Ariza recently participated in MIPIM -the international real estate event in Cannes, France- as exhibitors in the Dominican Republic stand.

Guzmán Ariza shared stand with Green Planet Architects; the State Bank of the Dominican Republic, BanReservas; and real estate development projects such as Ocoa Bay, 19 ° ES and Cap Martin Caribe.

MIPIM brings together the most influential investors and companies from 90 countries in the real estate market: office, residential, retail, healthcare, sport, logistics and industrial, offering access to a significant number of development projects and sources of capital worldwide.

This 27^th edition of MIPIM received 23,500 attendees of the international real estate industry.

[April 2016]

DR has the Largest Solar Power Plant in the Caribbean

President Danilo Medina inaugurated the country’s biggest solar power plant described as the largest renewable energy project in the Dominican Republic. The plant was built at a cost of US$110 million and will eventually generate 67 megawatts, with 30 in this first phase. It will also provide more than 300 direct and 1,000 indirect jobs.

In this first stage alone, the project triples the number of existing solar panels in the country, and once completed, it will increase the current photovoltaic power in the country fivefold.

This General Energy Solutions project in Monte Plata is the largest Taiwanese investment made in the country.

The company says that 270,000 panels are being installed, making it not only the largest solar project to date in the DR but also in the Caribbean region. Once completed it will produce 51,000,000 kWh per year, which represents a reduction in pollution of 70,000 tons of CO2 annually, improving the sustainability of the country’s electricity grid and the economy as a whole.

[March 2016]

Securities Law Ruling Amendments

President Danilo Medina issued the decree number 119-16 approving amendments to the ruling for the implementation of the Law on Securities Market No. 19-00.

The decree expands the range of instruments and publicly offered securities that can be traded in the Dominican Stock Market. The objective is to promote and channel increased savings in the medium and long term. The amendments are chiefly aimed at adapting the regulatory framework to the offerings under the trust (Ley de Fideicomiso) modality.

[March 2016]

World Cocoa Conference to be Held in Punta Cana

Cocoa and chocolate experts from all around the world will be gathering in Punta Cana for the World Cocoa Conference from 22-25 May 2016. The leading event for the cocoa and chocolate sector brings together the major players from the value chain. The Dominican Republic is a world leader in cocoa production, now gradually beginning to produce chocolate, too.

More than 1,500 cocoa farmers, chocolate makers, government and private sector farming and sustainability experts are expected to attend the event from over 40 countries. This is the first time the event will have been held in Latin America.

The event is being organized by the International Cocoa Organization and the Ministry of Agriculture and National Cocoa Commission are hosting the event for the Dominican Republic. The agenda includes discussions for the Cacao Global Agenda.

Information on adding value to cocoa, including differentiation, specialty products and branding will be discussed. The issues of improving cocoa farmers and improving farmer incomes, and finance and insurance solutions to manage risk across the value chain are also on the program.

[February 2016]