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July 24, 2022
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Chamber of Commerce and Production assesses domain extinction bill

Chamber of Commerce and Production assesses domain extinction bill

Santiago-. The Chamber of Commerce and Production assessed the domain extinction bill, which is currently undergoing approval in the National Congress. He positively evaluated that the approval of this project has been resumed, which is called to contribute effectively to the construction of a reliable country in terms of transparency and ethical management.

The institution that brings together entrepreneurs from the different sectors of the city, considered that the project must guarantee the acquisitions in good faith made by people who have not been in fraudulent actions or at odds with the law. ‘Legal security must prevail and be guaranteed throughout our legislative structure, under the framework established by the Dominican Constitution,’ says the entity.

The Santiago Chamber advocates for the constant strengthening of the system of consequences for illicit activities in the country, and this is supplemented by the domain forfeiture bill, while promoting institutionality and the business climate.

Carlos Iglesias, president of the institution, stressed that: ‘We hope that legislators reach a consensus that enriches us in the correct conduct of business, prevents illegal activities, as well as that legal experts manage to unify criteria if it should be a organic law or an ordinary law, in accordance with our Constitution’. In addition, he stressed that ‘part of our institutional role is to create an adequate business climate that guarantees compliance with the laws and promotes the country’s competitiveness.’

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