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Countries › Dominican Republic › Guide › 14. Disputes › Insolvency in the Dominican Republic: Ley 141-15 restructuring, stay and creditor claims

Insolvency in the Dominican Republic: Ley 141-15 restructuring, stay and creditor claims

Last verified: 2026-10-30 · Status: Stable

Ley 141-15 lets a debtor or a creditor owed at least 50 minimum wages open restructuring on triggers such as 90 days of default. The request itself stays suits, enforcement, arbitration and interest. Creditors file claims within 30 working days and a 60% vote binds the rest. Foreign creditors have equal rights, and foreign proceedings can be recognised under a dedicated cross border title.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.8594 per US dollar for 28 October 2026, the latest row in its published rate file on the verification date, rounded to the cent.

Key facts

Insolvency lawLey 141-15 lawLey 141-15, as of 2026-10-30 · in force
Claims filing period30 working daysLey 141-15 art. 109, as of 2026-10-30 · in force
Creditor majority60 %Ley 141-15 art. 18, as of 2026-10-30 · in force
Creditor filing threshold50 minimum wagesLey 141-15 art. 33, as of 2026-10-30 · in force
Plan period120 working daysLey 141-15 art. 132, as of 2026-10-30 · in force
Stay on enforcement by secured creditorsYes, enforcement stayed textLey 141-15 art. 54, as of 2026-10-30 · in force
Rate used for USD conversions60.8594 DOP per USDBanco Central reference selling rate, 28 October 2026, as of 2026-10-28 · in force

The rule

1. The law covers traders and companies domiciled or with a permanent presence in the country, but not State controlled companies, banks, or securities market participants, save public subscription companies.Ley 141-15 de Reestructuración y Liquidación, art. 2, 2015-08-07 official text · verified 2026-10-30
2. It repeals arts. 437 to 614 of the Código de Comercio and Ley 4582 of 1956, and took effect 18 months after promulgation.Ley 141-15 de Reestructuración y Liquidación, title and art. 231, 2015-08-07 official text · verified 2026-10-30
3. Restructuring courts sit in the Distrito Nacional and Santiago, with their own appeals courts and cassation at the civil chamber. They take over urgent measures, referimiento and amparo on the debtor's assets.Ley 141-15 de Reestructuración y Liquidación, art. 22 and art. 23, 2015-08-07 official text · verified 2026-10-30
4. Triggers include more than 90 days of default on a due debt after demand, current liabilities above current assets for over six months, six fiscal periods of unpaid tax, two missed payrolls, and foreign insolvency of the parent.Ley 141-15 de Reestructuración y Liquidación, art. 29, 2015-08-07 official text · verified 2026-10-30
5. A creditor can file if owed at least 50 minimum wages, defined as the average minimum wage of the non sectorised private sector. At the four tier average of RD$23,223 that is RD$1,161,150 (about US$19,079.22).
Cost to do it: A creditor must attach a DGII certificate that it is current on tax, under art. 34.Ley 141-15 de Reestructuración y Liquidación, art. 5, art. 33, 2015-08-07 official text · verified 2026-10-30
6. A foreign creditor can file through a special attorney on the same terms as locals, and names a person to follow the case.Ley 141-15 de Reestructuración y Liquidación, art. 35, 2015-08-07 official text · verified 2026-10-30
7. The request suspends judicial, administrative and arbitral money actions, enforcement, interest, penalty clauses, payment of prior debts and tax collection. Labor debts and essential operating payments continue.Ley 141-15 de Reestructuración y Liquidación, art. 54 and art. 55, 2015-08-07 official text · verified 2026-10-30
8. Creditors declare claims to the conciliator within 30 working days of publication. Late claims are possible at the claimant's cost, and declaring interrupts limitation.Ley 141-15 de Reestructuración y Liquidación, art. 109, art. 113 and art. 114, 2015-08-07 official text · verified 2026-10-30
9. Foreign currency claims are verified and paid in the agreed currency. Without an express agreement, payment is in pesos at the Banco Central reference rate of the prior working day.Ley 141-15 de Reestructuración y Liquidación, art. 111, 2015-08-07 official text · verified 2026-10-30
10. Decisions need 60% of the votes of those present or represented. Each 1% of claims is one vote, related creditors do not vote, and the majority binds the dissenters.Ley 141-15 de Reestructuración y Liquidación, art. 18, 2015-08-07 official text · verified 2026-10-30
11. The plan must be approved within 120 working days of the conciliator's appointment, extendable by 60, or the case goes to liquidation.Ley 141-15 de Reestructuración y Liquidación, art. 132, 2015-08-07 official text · verified 2026-10-30
12. The plan cannot cut or defer labor privileged debts or current tax debts unless the tax authority agrees.Ley 141-15 de Reestructuración y Liquidación, art. 135, 2015-08-07 official text · verified 2026-10-30
13. Harmful transactions can be attacked within 30 working days of publication.Ley 141-15 de Reestructuración y Liquidación, art. 98 and art. 106, 2015-08-07 official text · verified 2026-10-30
14. Foreign representatives can seek recognition, decided within 15 working days. Recognition of a main proceeding suspends individual actions and enforcement, and foreign creditors get the same rights.Ley 141-15 de Reestructuración y Liquidación, art. 197, art. 203, art. 207 and art. 210, 2015-08-07 official text · verified 2026-10-30

Worked example

  • A company owes a foreign supplier US$100,000 (about RD$6,085,940), in default for 100 days after demand. The supplier clears the RD$1,161,150 threshold and can file, through a special attorney. If the case opens, it must declare the claim within 30 working days, in dollars if the contract fixed that currency.

Step by step

  1. Check the trigger and the threshold.
  2. Obtain the DGII certificate.
  3. File at the court of the debtor's domicile.
  4. Watch for publication of the acceptance.
  5. Declare the claim and vote.

Common traps

  • The 50 wage figure above assumes that the definition means the four tier average; the law gives no worked example.
  • A pending arbitration stops too: art. 54 names arbitral actions.
  • Banks and insurers can have their own regimes, and the law then applies only as a supplement.
  • The regulation is Decreto 20-17, which was not read for this page.

Sources

Related pages

Related: Dominican Republic country profile · live dashboard · central bank and release calendar · our posts on X

← Amparo and constitutional review in the Dominican Republic: fast rights protection for companies tooLimitation periods in the Dominican Republic: from 60 days to 20 years →

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