Tag Archives: Mejia-Armenteros & Abreu

Part 2. New regime of Substantial Ownership in the DR

2. Brief International Positions on the Substantial Ownership and Effective Control

2.1. US

As for the United States of America, briefly explained, there remains the restriction for foreigners to participate in the ownership and control of United States airlines, for only shares with voting rights up to 25% of its share capital could be held by non-US.

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WALA Conference 2013

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It was an extraordinary experience being able to participate in the World Airport Lawyers Association (WALA) World Meeting 2013, held in Montreal earlier this month.

And most of all it was exciting to be able to speak at that conference on the matter of “Ground Handling Agreements”, for a great audience and experienced colleagues.

Thanks to Diego Gonzalez and WALA for the invitation and the opportunity.

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Could a company in process of being incorporated enter into an agreement provided there is a clause conditioning the validity of the agreement to the incorporation fulfillment?

A few days ago I was thinking on this next blog entry, trying to find a corporate issue that could be addressed different depending on the jurisdiction and this question came to mind: Could a company in process of being incorporated enter into an agreement provided there is a clause conditioning the validity of the agreement to the incorporation fulfillment?

Before going forward with the post, keep in mind that this is not the case that a company is not incorporated and hold back this information from the other party. This is the case, when everybody knows the company is in process of incorporation and both parties agree to proceed nevertheless.

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Counsel here it is your opinion!

There comes a time in any lawyers practice that we must sit back and ask ourselves “is my client telling me what to tell him? Does my client really want my opinion?.

Personally, been there done that! More often that I would like, I’ve found myself trying to,convince my own client of my opinion and my recommendation. Trying to convince him as if I was convincing my counterparts.

Clients have come with issues and consultations, have been rendered the opinion or recommendation, and as if was the more normal thing in the world, have “questioned” them with the “but I really think” speech.

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Lawyers and the Blackberry Playbook

With my readers permission, today I´ll briefly address a different topic. Rather than analyzing a legal issue in my country, I´ll talk about a new gadget I got. Since early May, I´ve been using and exploring the Blackberry Playbook.

Much to my liking the Playbook has turned out an excellent choice for my line of work (when comparing it with my wife´s Ipad), considering I´m also a Blackberry phone user. The power combination of the Playbook and the phone, with the Bridge software is great for managing my emails, tasks, calendar and BB Messenger from the Playbook (of course, if I have the phone within reach).

One of the things everybody was saying about this first generation of Playbook is that it only works efficiently where there is a wi-fi connection, because it can´t be used with 3G. That is true to some extent. My solution is quite simple: whenever I need internet access for any of my apps and there isn´t wi-fi (let´s be honest: there are just a few places with no wifi) I use my phone internet to access it from the Playbook, using the internet tethering option of the phone.

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Two new documents to download

I´m happy to start my Downloads page in this blog by sharing with my readers and visitors, two documents explaining the process and requirements needed to register a Trademark and a Commercial Name in the Dominican Republic.

I assure you more documents will follow. And if you would like to have any specific issue addressed, please don´t hesitate to let me know.

Enjoy.

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A new Ammendment to the Company Law in the DR

Current Company Law No.479-08, have been modified by Law No.31-11 of February 10th, 2011. Some of the company types have been modified, as well as new types have been created. We´ll prepare an in depth look into this new law and will share with our readers the most important aspects.

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A new Ammendment to the Company Law in the DR

Current Company Law No.479-08, have been modified by Law No.31-11 of February 10th, 2011. Some of the company types have been modified, as well as new types have been created. We´ll prepare an in depth look into this new law and will share with our readers the most important aspects.

Come back soon as I´ll be posting my thoughts on the new law.

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Societies of Limited Responsibilities and Individual Enterprises of Limited Responsibilities

Societies of Limited Responsibilities

The societies of Limited Responsibilities are those formed by two or more persons by contributions of all partners, who don’t respond personally of the social debts. It is our personal believe that this will be the most commonly used form of company.
Particular Characteristics
  • Number of partners: minimum two (2) and maximum of fifty (50)
  • Social denomination: a fantasy name can be used or a trade name that will have to be preceded or followed by the words “Society of Limited Responsibilities” or the initials “SRL”. If this indication is omitted the partners will be jointly responsible in front of third parties.
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Simple Limited Companies and Limited Stock Partnerships

Simple Limited Company

The Simple Limited Companies are those that exist under a trade name and are composed of one or several joint partners that respond in a subsidiary, limitless and shared manner for the social obligations, and one or several joint partners that only are obligated up to the payment of their contributions.
Particular Characteristics
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