The Chamber of Deputies chose to postpone the start of the Extinction of Domain Law in the Dominican Republic. It would have gone into effect this month, but the Chamber of Deputies voted to postpone its implementation for January 2024.
The spokesman for the opposition party, the Dominican Liberation Party (PLD, Yvan Lorenzo stated, as reported in Diario Libre: “What is the fear that the bill go into effect now when they had a year to carry out the desired amendments?” He called his colleagues of the ruling Modern Revolutionary Party (PRM): “kings of incoherence.”
Meanwhile, senator Antonio Taveras Guzman (PRM-Santo Domingo) called for the bill to go into effect on 28 July 2023 as scheduled.
Fuerza del Pueblo senator Felix Bautista said that the bill has been in the Senate since 2017. He said the bill that was approved is a merge of the bill he had submitted in 2017 with amendments incorporated by senator Taveras Guzman.
Deputies had voted on Wednesday, 19 July 2023 to extend the deadline for the entering into effect of the Law of Extinction of Domain 340-22. The amendment sets a new date of 28 January 2024. The legislators voted to amend Art. 107 of Law 340-22 that had mandated the law go into effect on 28 July 2023.
The deputies argued they need more time to adapt the law’s provisions to the Dominican legal system. The Executive Branch had enacted the law on 28 July 2022 giving the legislators a year to pass the complementary legislation needed. Legislators have yet to draft the required complementary legislation, including provisions that would govern the administration of the assets in extinction and seized.
The legislators have pending the vote to pass the Bill for the Administration and Disposition of Seized, Confiscated and Abandoned Assets in Criminal Proceedings and Asset Forfeiture Trials, which would complement the Extinction of Domain Bill.
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Diario Libre
DR1 News
25 July 2023