Firstly, can you give us an idea of the type of work your team has done recently? 

The team has recently been involved in important and substantial transactions, some of which transcend the borders of the Dominican Republic, involving foreign clients and banks, of great relevance to the Bank and its local positioning. In these and other transactions we have managed the required legal support in a timely manner, exploring viable alternatives, assessing the risk involved, and always taking care to protect the interests of the institution.
 

How do you keep up to date with changes in Dominican laws and regulations relevant to your organisation’s industry? 

Keeping up to date with changes in the law and regulations is important for us and our organisation, therefore we regularly participate in committees related to the banking sector. Within these committees, we maintain frequent exchanges and discussions surrounding the impact that various draft laws and regulations have had or could have on the work that we carry out. We also help to ensure that these laws and regulations are approved and executed in the most suitable manner, and that the implementation and transition is smooth and has a manageable impact.
 

What is a cause, business related or otherwise, that you care about, and why? 

Among financial institutions, especially in legal departments, there is a general concern with the seizure actions that our clients receive, and the impact that this has on our team and on the operational areas of the business. In instances like this, we are involved in internal and court proceedings, in many cases, this generates significant expenses for actions in which we only appear as third parties. To address this, we have held meetings to look for alternative solutions so that this issue is governed in a specialised way and clear rules are established for the banks involved.