BANKING & FINANCING
We have earned a strong reputation assisting clients in the financial sector. Our approach to financing is grounded on providing value-added solutions to innovative structures in the banking and finance area with regards to our clients’ needs in commercial lending, project financing, securities, and insurance. In addition to the more traditional lending structures, OMG is involved in the development of the securities market within the Dominican Republic through its grasp of the needs of its clients. The organization has represented local and international financial institutions, multilateral organizations, securities participants and insurance providers, also in addition to its active participation in the field of financial regulation, both as a consultant to regulators as well as to private initiatives.
Areas of Concentration
Commercial lending is an essential part of OMG´s finance practice. The team counts with vast experience acquired from the firm’s participation in numerous projects providing representation to banks and financing institutions, as well as other lenders and borrowers in financing transactions directed to real estate acquisitions, working capital, and equipment finance, among others.
OMG has also served as local counsel to international and multilateral creditors producing due diligence and transaction opinions that accurately address the particularities of a variety of loans. OMG understands the relevance of providing timely and efficient response to its clients’ needs as guarantee for the adequate availability of credit for borrowers and the effective closing of transactions.
OMG is vastly experienced in the design and implementation of security packages that provide its clients with the upmost confidence in project finance structures. Our consultants take advantage of their business law skills as well as of the cooperation between the firm’s different Departments to fully appreciate the business details behind each project finance deal. This synergy, as well as meticulous due diligence work, allows the team to provide clients with a clear view of all legal risks inherent to a specific project, as well as feasible solutions with regards to possible credit enhancement.
Additionally, OMG has been a constant participant in benchmark project finance deals for port concessions, both maritime and air, energy generation and distribution, real estate and tourism, infrastructure, among others.
OMG is one of the leading firms in matters related to doing business in and out of the Dominican Republic. Expertise regarding investments is extensive and overlaps horizontally to many of our other practice areas. Our support includes a holistic assessment of the investment process for foreign and local economic agents. We regularly devise bespoke cost and tax efficient (asset/investment) arrangements, including selecting the most suitable corporate vehicles for different types of ventures. Our skills extend from simple business undertakings, to trusts, private equity structuring and complex corporate integrated structures. We offer step-by-step assistance for foreign entrepreneurs regarding establishing in the Dominican Republic, migration affairs, naturalization status, customs clearing, asset purchases and household assistance. The organization provides guidance and information on the main legal and economic indicators of all sectors of the Dominican economy, including financial services, securities markets, telecommunications, construction, media and entertainment, transportation, retail and wholesale commerce, real estate and tourism.
OMG has strategically positioned itself through a qualified team of Consultants with both regulatory skills as well as financial and economic understanding of key issues for securities law. The organization has actively advised potential issuers interested in accessing local capital markets and has participated in numerous private placements deals as well as in the licensing and creation of most market participants, including the Dominican securities exchange, securities intermediaries and investment fund administrators. Moreover, we advise international and domestic brokerage firms and market players regarding high profile cross border securities trades in the local markets.
OMG offers continuous consulting services to asset management companies specializing in pension and health funds as well as insurance companies to address regulatory issues and all other operations aspects. OMG has played a key role in the negotiations between the private sector and the regulators towards the application of the Social Security Law of the Dominican Republic. We have represented the most important administrators of the pension and health risks funds in the negotiation and drafting of the rules for the application of the Law.