Dominican Republic market overview
The Dominican Republic chapter of the Latin Lawyer 250 is made up of six firms, all capable of providing high quality advice to international and local clients. Dominican lawyers’ ambition to provide a world-class service is matched by the government’s efforts to modernise the country’s legal framework. New compliance obligations surrounding anti-money laundering legislation, which were recently introduced, have prompted the legal community to focus on that area. Laws updating insolvency procedures, arbitration, stock markets, general corporation rules and data privacy have prompted many firms to offer more specialised legal advice and to bolster these areas of expertise as these stricter regulatory frameworks make the Dominican market more sophisticated. These changes – along with the Dominican Republic’s membership of the DR-CAFTA trade area – contribute to the country’s investor-friendly business environment.