Deputies representing the Dominican Liberation Party (PLD) had voted yes in the fast-tracked passing of the Punta Catalina Trust in Congress. Now, that the bill just needs the positive vote of the Senate, the party is speaking out against the contract and is calling on the Presidency to withdraw it from Congress to make corrections. The PLD, that is the largest opposition party, now maintains that while trusts in the country are regulated by Trust Law 189-11, there is no law that specifically provides for public trusts.
The party position is that the existing framework is inadequate for this type of trust. “The nature of the assets involved, and the constitutional and legal control mechanisms that protect them, require clarity that the law does not provide for,” explained the organization’s secretary general, Charlie Mariotti, at the end of a meeting of the Political Committee...
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