Category: Economic Law
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CENTRAL LAW, at the 3rd International Congress of Business, Accounting and Business Law of Colombia
In the framework of the 3rd International Congress of Business, Accounting and Business Law, organized by the Chamber of Commerce of Cartagena, the lawyer Andrés Ceara Brugal, member of CENTRAL LAW, participated as an international speaker, representing the Dominican Republic.
In his presentation on “Mergers and Acquisitions – International Tendency – Case: Dominican Republic,” he said that there continues a trend towards “cross-border” (international) investments increasingly marked by operations executed between Latin American countries, according to what they point out international studies regarding Mergers or Acquisitions. In this regard, he said that “the Dominican Republic is a market for acquisitions, where mergers appear exceptionally.”
During his participation, Mr. Ceara Brugal indicated that “there are infinite ways to articulate the operations of buying and selling companies, among which the sale of assets or the acquisition of the share capital of the entity that carries out the commercial activity stand out.” “The choice of legal structure will always depend on the specific circumstances.” “In any case, it is a process deeply influenced by figures of Anglo-Saxon law, alien to continental law, incorporated only by the autonomy of the will of the parties.”
“In our country, the process of Due Diligence takes on crucial importance, in the absence of a centralized information entity, the lawyer must conduct extensive and exhaustive research to eliminate all variables that pose a risk to the operation, “he said.…