Consortium Moves to Enforce US$5 Million Judgment Against Central Bank

The Méndez Junior Méndez Cabral Consortium moved Wednesday to enforce a US$5 million judgment against the Central Bank of the Dominican Republic (BCRD), escalating a property dispute that has remained before the courts for more than two decades.

The embargo was carried out before national and international financial institutions, according to Jorge Lora, the consortium’s attorney. The entities named included the International Monetary Fund (IMF), World Bank and Inter-American Development Bank (IDB), as well as pension fund administrators and trusts.

Dispute Centers on Former Herrera Airport Land

The case stems from a payment-in-kind transaction involving 5,000 square meters of land located on the grounds of the former Herrera airport in Santo Domingo. The consortium maintains that the Central Bank received that property while, in an exchange associated with the transaction, the state institution received more than 22 million square meters in San José de los Llanos, San Pedro de Macorís.

Lora said the dispute has produced six court rulings over the course of the litigation. The latest decision, issued on August 13, 2026, ordered the Central Bank to pay US$5 million, according to the consortium’s lawyer.

Consortium Says Judgment Is Final

The attorney said the ruling was issued by the Second Chamber of the Civil and Commercial Court of Appeals of the National District following a referral from the Supreme Court of Justice (SCJ). He argued that the decision is no longer subject to another appeal under Law 2-23 on Cassation Procedure.

On that basis, the consortium maintains that the Central Bank is required to comply with the judgment. The enforcement action represents the latest stage in a legal conflict that the consortium says has affected its property rights for 22 years.

The allegations and claims described in the enforcement action reflect the position of the consortium and its legal representative. The information provided does not include a response from the Central Bank regarding the embargo or the underlying allegations.

A Long-Running Property Dispute

The case combines questions over property rights, a decades-old transaction and the enforcement of a court judgment against a major Dominican state institution. The involvement of financial entities and international organizations in the embargo adds another dimension to the dispute as the consortium seeks to enforce the monetary award.

The next stage will depend on how the Central Bank responds to the enforcement action and on the legal proceedings that may follow. The consortium, for its part, maintains that the August 13 ruling resolves the dispute and requires payment of the US$5 million judgment.