Dominican Senate approves the domain extinction bill
The Dominican Republic Senate approved in its first reading the domain extinction bill.
The piece was submitted as an ordinary law and had the favorable vote of 26 legislators, with the vote against from the bench of the Dominican Liberation Party (PLD).
Last week, the Bicameral Commission that studied the Bill for the Forfeiture of Property for the Civil Forfeiture of Illicit Assets, presented a favorable report on the legislative initiative to the Senate Plenary. The commissioners studied the piece for more than a year.
However, the PLD senator, Iván Lorenzo, presented a dissenting report against the piece and considered that the project should be known as an organic law.
Te regulations have the purpose of establishing the legal framework for the regulation of the forfeiture of illicit assets, defining the consequences and powers of the authorities responsible for its application, recognizing the rights and guarantees of the intervening parties, laying down the fundamental principles for the operation of the administration system of confiscated assets.
In addition, it establishes the procedure required for their judicial declaration in favor of the Dominican State.