U.S. banks seeking to expand overseas may be more likely to turn to the Caribbean country of the Dominican Republic, now that it has passed a new banking law. Located on an island in the Caribbean, the Dominican Republic is a growing destination for U.S. businesses seeking to establish or expand

1. What is the legal system (civil law, common law or a mixture of both)? The Dominican Republic has a civil law based legal system. Foreign investment 2. Are there any restrictions on foreign investment (including authorisations required by central or local government)? There are only restrictions relating to (Article 5, Foreign Investment Law

INTRODUCTION Over the past year, this column has described and analyzed a variety of new laws and regulations enacted by the Dominican Republic with one primary goal: to open itself to foreign trade. The country's efforts have met with incredible success. As noted recently by the International Monetary Fund, the Dominican

The National Congress of the Dominican Republic has passed a new environmental law creating a Department of Environment and Natural Resources and streamlining the environmental review process required for development. The law defines dozens of environmentally-related terms, from "sustainable use," "protected areas," and "environmental quality" to "load capacity," "contaminant," and "sustainable development." In