Entries by nelson bautista

New Santo Domingo office

The inaugural ceremonies took place on November 14 with the attendance of the President of the Civil Division of the Supreme Court of the Dominican Republic and other judges and officials of the Dominican government and the diplomatic corps, as well as many clients and friends of the firm. November 2013

Ministry denies Loma Miranda mining permit

Guzmán Ariza Abogados y Consultores anunció el ingreso de la licenciada Aura Celeste Fernández como socia en su oficina de Santo Domingo, a partir del mes de enero del presente año. El presidente de la firma, Fabio J. Guzmán Ariza, le dio la bienvenida y destacó que: “Guzmán Ariza se siente altamente complacida de contar con la licenciada Aura Celeste […]

Central Bank cuts benchmark interest rate again

The Central Bank has announced it is lowering the benchmark interest rate from 5 to 4.25%. This is the fourth time the Central Bank has lowered the overnight rate. Governor Hector Valdez Albizu says policymakers do not foresee any inflationary pressures in the next few months. Annual inflation was 4.9%, within the Central Bank’s target range […]

Chamber of Deputies approves Check Bill

En su columna semanal en el periódico Hoy del pasado 13 de febrero, el constitucionalista Eduardo Jorge Prats, uno de los redactores del proyecto de reforma constitucional que se conoce actualmente en el Congreso Nacional, destacó el esfuerzo de nuestro Director General, Lic. Fabio J. Guzmán Ariza, en estos términos: “Fabio Guzmán ha iniciado una cruzada a favor del […]

Government ordered to pay US$50 million for cancelling contract

Two South Florida companies have won a US$50 million judgment against the governmental National Institute of Hydraulic Resources of the Dominican Republic over a canceled contract to build an irrigation system. A Miami Federal Court issued a judgment by default on June 10 after the DR agency failed to respond to the suit. The plaintiffs […]

Dominican Republic tops textile exports

Dominican Republic exports the highest amount of textiles and apparels to the US among the member nations of DR-CAFTA (Central America Free Trade Agreement-Dominican Republic), according to ‘Major Shippers Report – U.S. General Imports’ published by the Office of Textiles and Apparel (OTEXA) of the US Department of Commerce. [June 2013]

2012 Ranking of Banks in the DR

According to financial consultant Alejandro Fernandez, the best performing banks in the Dominican in 2012 were: Citibank Santa Cruz BHD Popular Ademi Adopem Banesco Cibao APAP Scotiabank BLH Promedio Leon BDI Caribe Progreso Reservas La Nacional Alaver Proamerica Duarte [May 2013]

Dominican public debt is lowest in Caribbean

At a recent talk, Scotiabank vice president Pablo Breard highlighted the fact that the Dominican public debt is the lowest among Caribbean countries in the past decade. The Dominican global debt is around 30% of GDP, he stated. Panama, Costa Rica, El Salvador, Jamaica, Barbados and Trinidad & Tobago have higher debt/GDP ratios. Breard forecast […]

District Attorney shelves corruption case against former president Leonel Fernández

District Attorney Yeni Berenice Reynoso shelved the case filed by former DA Guillermo Moreno against former President Leonel Fernández for corruption in office, stating that the allegations presented by Moreno were not a crime under Dominican law. Moreno accused former President Leonel Fernandez of obtaining millions for his foundation (Fundación Global) from individuals and companies […]

Barrick and Dominican Government reach agreement

La licenciada Altagracia Paulino, directora ejecutiva del Instituto Nacional de Protección de los Derechos del Consumidor (Pro Consumidor) recibió en su despacho al licenciado Fabio J. Guzmán Ariza, presidente de Guzmán Ariza, Abogados y Consultores, en su calidad de autor de la obra El lenguaje de la Constitución dominicana, la cual fue publicada recientemente con el aval de la Academia […]