DOMINICAN REPUBLIC
Law and Practice Contributed by: Marielle Garrigó, Urania Paulino, Eduardo Pellerano and Ricardo Pellerano Nadal Pellerano Nadal Law & Consulting
Dominican Republic Santo Domingo
Cuba
Haiti
Puerto Rico
Contents 1. Market p.158 1.1 Major Lender-Side Players p.158 1.2 Corporates and LBOs p.158
2. Documentation p.158 2.1 Governing Law p.158 2.2 Use of Loan Market Association (LMA) Agreements or Other Standard Loans p.159 2.3 Language p.159 2.4 Opinions p.159 3. Structures p.160 3.1 Senior Loans p.160 3.2 Mezzanine/Payment-in-Kind (PIK) Loans p.160 3.3 Bridge Loans p.161 3.4 Bonds/High-Yield Bonds p.161 3.5 Private Placements/Loan Notes p.161 3.6 Asset-Based Financing p.161 4. Intercreditor Agreements p.161 4.1 Typical Elements p.161 4.2 Bank/Bond Deals p.162 4.3 Role of Hedge Counterparties p.162 5. Security p.162 5.1 Types of Security Commonly Used p.162
5.2 Form Requirements p.163 5.3 Registration Process p.163 5.4 Restrictions on Upstream Security p.164 5.5 Financial Assistance p.164 5.6 Other Restrictions p.164 5.7 General Principles of Enforcement p.164 6. Guarantees p.166 6.1 Types of Guarantees p.166 6.2 Restrictions p.167 6.3 Requirement for Guarantee Fees p.167
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