Fabio J Guzmán Ariza and Pamela Benzán Arbaje contributed to the Dominican Republic chapter of the GRR (Global Restructuring Review) – Americas Restructuring Review 2023.

The exponential spread of CODIV-19 is seriously affecting the financial standing of businesses and individuals at a global scale.

Prior outdated bankruptcy laws in effect before Law 141-15 did not allow for the restructuring of companies in distress and merely gave way for business asset liquidations.

Insolvency and restructuring procedures are vital for ensuring the continued viability of distressed companies and the protection of creditors' rights.

Welcome to the Americas Restructuring Review 2020, one of Global Restructuring Review's annual, yearbook-style reports.

Summary: Law 141-15 pertains to restructuring and liquidation of companies and commercial persons places the Dominican Republic among the countries with the most advanced and modern legislation in the matter.