NewsWhore
02-19-2007, 04:30 PM
Almudena Mazarrasa, the Spanish ambassador to the Dominican Republic, called the investment scenario "worrisome" and with problems in the areas of "judicial guarantees, public safety and corruption." The diplomat said that contracts are often not fulfilled, and that some foreign investors have expressed doubts about the lack of surety in observing some laws. Mazarrasa spoke at the inauguration of the Citizens Information and Guidance Center in Santiago de los Caballeros. According to Listin Diario, the ambassador also referred to public safety issues in this country as well as others in Latin America. El Caribe reported that noted figures from the government's justice system and the Anti-Corruption Department took up the challenge and refuted the diplomat's conclusions. DEPRECO head Octavio Lister pointed out that Spanish investment in the DR has continued and is increasing every year, which seemed to contradict the diplomat's suggestions. Luis Henry Molina, the head of the National Magistrates School, said, "the legal system is strong enough to safeguard any foreign investors." Molina also pointed out that in such cases as the ambassador's allegations, there are certain protocols that need to be observed, and the Spanish diplomat did not follow these conventions.
More... (http://www.dr1.com/index.html#10)
More... (http://www.dr1.com/index.html#10)