Developing countries allowed to import generic drugs

An amendment to the agreement on intellectual property entered into force securing for developing countries a legal pathway to access affordable medicines under World Trade Organization (WTO) rules.

The amendment to the Trade Related Aspects of Intellectual Property (TRIPS) agreement provides a secure and sustained legal basis for both potential exporters and importers to adopt legislation and establish the means needed to allow countries with limited or no production capacity to import affordable generics from countries where pharmaceuticals are patented.

The TRIPS amendment gives the world’s most vulnerable people access to drugs for diseases such as HIV/AIDS, tuberculosis and malaria.

[February 2017]

Guzmán Ariza contributes to Getting the Deal Through: Real Estate, 2017

Fabio Guzmán-Ariza, Christoph Sieger and Alfredo Guzmán, partners at the Guzmán Ariza law firm, recently coauthored the Dominican chapter of Getting the Deal Through: Real Estate 2017.

The publication provides comparative analysis of real estate regulations in different jurisdictions worldwide, with answers to crucial questions in key areas such as acquisition of real estate, conveyances, foreign investors, investment entities, leases and mortgages, and contracts and financing.

The Dominican chapter may be downloaded here: GTDT: Real Estate 2017

Reproduced with permission from Law Business Research Ltd. Getting the Deal Through: Real Estate 2017, (published in November 2016; contributing editor: Joseph Philip Forte, Kelley Drye & Warren LLP). For further information please visit

[January 2017]

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, and 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 Christoph Sieger represents Guzmán Ariza law firm in first trade mission to Europe

Christoph Sieger, partner of Guzmán Ariza attorneys at law, represented the firm at the first trade mission to Europe, EU Roadshow 2016, organized by the European Chamber of Commerce of the Dominican Republic, visiting Brussels, Frankfurt and Madrid.

From November 7 to the 11th, participants visited eleven cities, such as Spain, Portugal, Italy, Germany, France and Switzerland, with the aim of stimulate trade, foreign investment and business collaboration between Europe and the Dominican Republic.

Several meetings were held with European business owners and investors in each city, where opportunities for growth, investment and incentives were presented and offered by the Dominican Republic, as well as the economic and legal framework on how to do business in this country.

Partner Christoph Sieger, who is also president of the German-Dominican Chamber of Commerce, Industry and Tourism, gave a lecture on “Legal Framework for International Investors in the Dominican Republic” at all locations.

[November 2016]

Former Judge and Partner Aura Celeste Fernández attends the XLVIII meeting of the CIAC in Spain

The representative of the Center of Alternative Dispute Resolution before the Inter-American Commercial Arbitration Commission (CIAC, by its Spanish acronym), Aura Celeste Fernández, attended the XLVIII meeting of the CIAC Steering Committee from November 5 to 8 in Seville, Spain.

In the framework of the event, the first Ibero-American Congress of Entrepreneurship “Entrepreneurialism in the Digital Age” and the CIAC academic meeting were held, in which the legal and effective impact in Latin American practice of international arbitration was discussed.

Aura Celeste Fernández is a partner at Guzmán Ariza Law Firm and member of the board of directors of the Center of Alternative Dispute Resolution of the Santo Domingo Chamber of Commerce.

[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]

Christoph Sieger participates in Economic Meeting about European investment in the Dominican Republic

The president of the German-Dominican Chamber of Commerce, Industry and Tourism and partner of the law firm Guzmán Ariza, Christoph Sieger, participated in the Economic Meeting of the newspaper Hoy with the President of the European Chamber of Commerce of the Dominican Republic, Hans Witsenboer; the president of the Dutch Chamber of Commerce, Taiana Mora-Ramis, and executive vice president of the Dominican-Portuguese Chamber of Commerce, Industry and Tourism, Paulo Alves.

During the interview, participants discussed about the European investment in the country and the  opportunities in Germany and Europe for Dominican companies. In addition, they released the details of the first trade mission to Europe, known as the EU Roadshow 2016, organized by the European Chamber in order to stimulate trade, investment and cooperation between Dominican Republic and Europe.

Christoph Sieger will represent Guzmán Ariza Law Firm in the trade mission to Europe and will be available to discuss opportunities and any information about doing business in the Dominican Republic.

[October 2016]

Chambers and Partners ranks Guzmán Ariza in three practice areas

Chambers and Partners Latin America 2017 ranked Guzmán Ariza law firm in Real Estate and Tourism, Environment and Dispute Resolution, and recommended three attorneys of the firm as “Leading Individuals” in these areas.

Fabio Guzmán-Ariza and Christoph Sieger, partners of the firm, were recognized as notable practitioners in Real Estate and Tourism, and Giselle Pérez, of counsel, in Environment.

Clients´comments: “Working with this firm is a very positive experience. The lawyers are organized and efficient, and they always deliver on time. Every team member is excellent and they know our matters perfectly.” “The team at Guzmán Ariza Abogados is very efficient and proactive; the lawyers focus on client satisfaction and on the standardization of their legal services.”

Guzmán Ariza law firm has successfully assisted thousands of international and local companies and individuals on their businesses and personal needs in the Dominican Republic.

[September 2016]

United States and Dominican Republic sign new tax information sharing agreement

The United States and the Dominican Republic government have signed an agreement for the implementation of the Foreign Account Tax Compliance Act, known by its acronym as FATCA. The agreement was signed by Dominican Minister of the Treasury and IRS Donald Guerrero and US Ambassador James Brewster.

The agreement FATCA – IGA 1 establishes the sharing of financial information on Dominican and US residents and citizens for tax transparency. In addition, this agreement provides mutual assistance in tax matters, based on an effective infrastructure that enables the automatic exchange of data.

[September 2016]