The Legal 500

Share this page


Legal market overview

With a GDP reaching 7.3% in 2014, compared to an average of 1.2% for the rest of Latin American and the Caribbean, the Dominican Republic has been one of the fastest growing economies in Latin America during the past decade. From a predominantly agricultural-based economy, the Dominican Republic’s tourism and service sectors, as well as its mining industry, are increasingly becoming the driving force behind its thriving economic power. The mining sector grew by a heady 20.3% over the last year, while tourism registered an 11.3% increase. In addition, foreign direct investment rose 14.3% over the same period. Certainly there are a number of factors in the Republic’s favour: not only is it the second largest economy in the Caribbean but it has established a free trade agreement with the US (in addition to its membership of DR-CAFTA, the Central American FTA) and many regard its geographical location as favourable to an increasing role as an entrepôt or distribution hub for the region, a possibility furthered by the expansion of the Panama Canal. Collectively, all these factors have increased the jurisdiction’s attractiveness to foreign investors; nor has it hurt that, according to the World Bank’s survey, the state continues to improve its position as a business-friendly destination; it currently sits 11th of 32 nations in the combined Latin American and Caribbean region, behind Costa Rica.

The Dominican legal market remains dominated by local full-service law firms including Headrick Rizik Alvarez & Fernández, Pellerano & Herrera, Castillo y Castillo, Russin, Vecchi & Heredia Bonetti SA, OMG and Jiménez Cruz Peña. However, with the country’s participation in the DR-CAFTA trade bloc, Central American law firms are taking more interest in the market (CENTRAL LAW Dominican Republic is part of the isthmus’ Central Law alliance, for example), and in Squire Patton Boggs, the market also has an international heavyweight.


Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • E-commerce in the distribution sector

    In Belgium, night work (i.e., between 8pm and 6am) is forbidden. Exceptions to this rule are provided either by the law or by Royal Decree.

    Laws reforming the Italian Public Administration have been approved concerning so-called “silenzio assenso ” and time limits on non-judicial executive action. There are moves for tighter controls on leadership, to improve quality in the public sectors, to streamline all services and to make them more economical.
  • Drew & Napier Competition Law Quarterly Update Q1/2016

    4 Feb 2016
  • Serbia: Draft for New Trademark Act Introduces Trademark Opposition System and Various Other Changes

    The draft of Serbia's new Trademark Act strives to remove shortcomings in the existing trademark legislation and further harmonize Serbian laws with those of the European Union. Read more...
  • Policies for Water Resources in Nicaragua

    Every day, we become more aware of the importance of protect- ing our environment, climate changes occurring on an almost daily basis have made that need clear. It is for this reason, that even though it is of upmost importance that we protect all of our natural resources, water as a finite life source is one of the most important and one of the resources requiring the most protection and preservation.

    On 16th January 2016, Indian Prime Minister Shri Narendra Modi launched formally an all- inclusive and robust action plan for the “Start-up India, Stand Up India” initiative, which was announced enthusiastically on the 69th Independence Day of India (i.e. on August 15, 2015) by him while addressing the nation. This “Start-up India” initiative is really a very welcome, viable, and historic initiation for promoting innovation and entrepreneurship in the country, and boosting faster growth of Indian economy. The 40-page Action Plan was presented during a grand event organized at Vigyan Bhawan in New Delhi. This landmark event was perhaps the first of its kind in the entire world so far, which witnessed direct and constructive dialogue between the start-up community and the policy makers. This concise article offers lapidary information about the major components of this Start-up India Action Plan, along with expounding the great importance of such an initiative for the desired intellectual and industrial development, and faster economic growth and prosperity of India. Here, it must be noted that, this visionary initiative puts strong emphasis on promoting innovation and entrepreneurship, creating propitious environment for making businesses (especially by new entrepreneurs and start-up enterprises) easier in India, generating employment, and fostering private investments into thriving Indian economy, in order to make India a developed nation on or before its 75th Anniversary of Independence (August 15, 2022).
  • The Regulation of Investment Companies in Nicaragua

    Having our legislation reserved a space for forty-five years for a proper regulation of Investment Companies, since the adoption of the Special Law on Financial Companies, Investment and others, known as Decree 15-L of April 9, 1970, and various attempts along these years; today Nicaragua has a legal body that regulates such companies satisfactorily.
  • Legal Relevance of Trademark Registration and Use

    Over the years, trademark registration processes have increased in Nicaragua, as a result of different international conventions and treaties which collaborate to properly understand trademark registration process and use matter; besides, Law N° 380 “Law on Trademark and Other Distinctive Signs”, its regulation and the Intellectual Property Registry, consolidates the bases for a better legal protection for businessmen and consumers IP´ s related matters, providing them not only with legal protection, but also with the confidence to compete and offer their goods and services on the market.
  • Cayman Limited Liability Companies Bill

    It is proposed that a new law (the “Law”) be enacted, to permit the formation of a new type of vehicle in the Cayman Islands – a Cayman Islands limited liability company (an "LLC").
  • Social elections: start of the procedure on day

    On day X-60 at the latest (i.e. between 11 and 24 December 2015), employers must launch the social elections procedure by communicating a range of information.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to