Dominican Republic: Endorsement of the Extinction of Ownership Law

The Senate approved in second reading the project of extinction of ownership, which will serve for the State to seize property originating from or linked to the violation of criminal laws and property used or linked to criminal activities.

Wednesday, February 5, 2020

This act regulates the procedure for lawsuits for the extinction of property provided for in Article 51, paragraph 6 of the Constitution of the Dominican Republic, which states that the "Act shall establish the regime for the administration of property seized and abandoned in criminal proceedings and in lawsuits for the extinction of property, provided for in the legal system," the Senate reported.

The statement of February 4 adds that "... The figure of extinction consists of an action of ownership that in its beginnings was used to combat piracy in the seas and oceans of the world in countries where the law was applied, restricted the marketing of certain products and now, what is intended mainly, is to combat drug trafficking and money laundering.

This implies an action by the State against an asset, which is presumed to have been acquired through illicit activities and creating an efficient system for recovering it, constituting a tool to prevent the use, enjoyment and enjoyment of these assets by helping to clean up the economy by preventing the flow of illicit capital in the market.
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