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Cuba: Ship Mortgages

Cuba: Ship Mortgages 24 0 THE AMERICAN JOURNAL OF COMPARATIVE LAW The law protects only nationals or domiciled aliens; other foreigners are ac­ corded the protection given by treaties and conventions to which Guatemala is a party, and specifically the Inter-American Convention. HONDURAS: CO-OPERATIVES—Co-operative Societies are regulated by Decree No. 158 of March 13, 1954 (Official Gazette, No. 15,268, April 13, 1954). A new administrative bureau (Direccidn de Fomento Cooperativo) is created (Title II) to promote the organization of co-operatives, with ample powers of supervision. DOMINICAN REPUBLIC: INSURANCE COMPANIES—Law No. 3788 of March 19, 1954 (Official Gazette No. 7672, March 24,1954) regulates insurance companies, repealing all prior enactments. It is far more liberal in its treatment of foreign companies than other Latin-American countries. They are subject to no greater requirements than national companies for authority to do business, except that they must present to the Superintendent of Insurance, the powers of attorney conferred on their agents and a certified copy of the resolution of the company authorizing business in Santo Domingo; policies must be in Spanish (art. 5). Foreign life insurance companies must invest in the Republic 50% of their re­ serves (for policies written in the country); foreign companies engaged in http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Comparative Law Oxford University Press

Cuba: Ship Mortgages

Eder, p. J.
American Journal of Comparative Law , Volume 4 (2) – Apr 1, 1955
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Publisher
Oxford University Press
Copyright
© 1955 by The American Association for the Comparative Study of Law, Inc.
ISSN
0002-919X
eISSN
2326-9197
DOI
10.2307/837226
Publisher site
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Abstract

24 0 THE AMERICAN JOURNAL OF COMPARATIVE LAW The law protects only nationals or domiciled aliens; other foreigners are ac­ corded the protection given by treaties and conventions to which Guatemala is a party, and specifically the Inter-American Convention. HONDURAS: CO-OPERATIVES—Co-operative Societies are regulated by Decree No. 158 of March 13, 1954 (Official Gazette, No. 15,268, April 13, 1954). A new administrative bureau (Direccidn de Fomento Cooperativo) is created (Title II) to promote the organization of co-operatives, with ample powers of supervision. DOMINICAN REPUBLIC: INSURANCE COMPANIES—Law No. 3788 of March 19, 1954 (Official Gazette No. 7672, March 24,1954) regulates insurance companies, repealing all prior enactments. It is far more liberal in its treatment of foreign companies than other Latin-American countries. They are subject to no greater requirements than national companies for authority to do business, except that they must present to the Superintendent of Insurance, the powers of attorney conferred on their agents and a certified copy of the resolution of the company authorizing business in Santo Domingo; policies must be in Spanish (art. 5). Foreign life insurance companies must invest in the Republic 50% of their re­ serves (for policies written in the country); foreign companies engaged in

Journal

American Journal of Comparative Law – Oxford University Press

Published: Apr 1, 1955

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