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Although Nicaragua is still the second poorest country in Latin America and the Caribbean, in economic terms the country has been on an upward trend since 2008, maintaining growth levels above the average for the Americas as a region. While the GDP has visibly benefited from macroeconomic stability, direct foreign investments and the continuous expansion of exports, (particularly agricultural goods and textiles), the mining, renewable energy and real estate sectors have also become solid contributors to the nation’s growing economy. However, poverty, public-sector corruption and the de facto limits on the effective protection of private property rights all remain major challenges for the country and continue to create uncertainties for foreign investors. Daniel Ortega’s government is now – rhetorically at least – moving to focus upon the improvement of living conditions after a period characterised as crisis control; however, the recent withdrawal of the National Democratic Coalition from the November 2016 national elections (a move that followed the Supreme Court’s exclusion of opposition candidate Luis Callejas from the ballot), and Ortega’s decision to ban foreign electoral observers, bely the solidity and independence of the country’s institutions. Indeed, the Secretary General of the Organization of American State (OAS), Luis Almagro, recently expressed his preoccupation with the political situation in Nicaragua, calling for ‘transparency and the participation of all’ in the elections, while Nicaragua’s Episcopal Conference deplored what it considered an attempt to promote conditions for ‘the implanting of a one-party regime’ in the country.
These preoccupations notwithstanding, Nicaragua’s increasing economic prosperity is not only attracting a flow of foreign investment, but is also having positive effects on the (private practice) legal landscape. First-rate domestic firm Alvarado y Asociados continues to ensure strong competition in the growing corporate and finance sector, which is mainly dominated by regional heavyweights such as Arias & Muñoz, Central Law Nicaragua and Consortium Legal, which have been present in the country for years. The latter recently entered a strategic partnership with Bendaña & Bendaña and Salazar & Bendaña to open a joint office in San Juan del Sur, just like BLP, which, after entering the market only two years prior, expanded its presence in the country by opening its second office in the city in the Rivas region. On the domestic level, real estate boutique Argüello Pereyra & Asociados and E.Castillo & Asociados merged to create E. Castillo & Argüello Advisors, a full-service offering that operates from Managua and San Juan del Sur, with a third office planned to open in Rivas in 2017.
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Ministers block Lochinver Station purchase – what it means for overseas investors
Every day, we become more aware of the importance of protect- ing our environment, climate changes occurring on an almost daily basis have made that need clear. It is for this reason, that even though it is of upmost importance that we protect all of our natural resources, water as a finite life source is one of the most important and one of the resources requiring the most protection and preservation.
Having our legislation reserved a space for forty-five years for a proper regulation of Investment Companies, since the adoption of the Special Law on Financial Companies, Investment and others, known as Decree 15-L of April 9, 1970, and various attempts along these years; today Nicaragua has a legal body that regulates such companies satisfactorily.
Over the years, trademark registration processes have increased in Nicaragua, as a result of different international conventions and treaties which collaborate to properly understand trademark registration process and use matter; besides, Law N° 380 “Law on Trademark and Other Distinctive Signs”, its regulation and the Intellectual Property Registry, consolidates the bases for a better legal protection for businessmen and consumers IP´ s related matters, providing them not only with legal protection, but also with the confidence to compete and offer their goods and services on the market.
In humanity ́s never-ending quest for improvement, technology plays a significant role as to the development of tools, production of devices and equipment, the upgrading of techniques, skills and processes which, in general, lead to the accomplishment of higher and higher goals that impact or influence our lives in different ways.
Belinda Green , Senior Associate | Monday 31 August 2015
…to the top of business, Nicaragua has witnessed the growth, development and progress of the mining industry in the recent years. According to information available on the Nicaraguan Mining Authority´s official website, there are more than 50 important mining-related projects representing more than 60 million dollars in investments, with worldwide investors including companies from China, Canada, United States, Peru, Mexico, Australia, Brazil, Japan, United Kingdom and others.
As a lawyer at Alvarado y Asociados in Nicaragua, I have had the opportunity to assist many investors that want to incorporate a company in this country.
Among the alternative means of dispute resolution, arbitration in commercial relations is a figure that over the years has been gaining territory over conflict resolution in the courts. Arbitration is a procedure by which the appointed arbitrators issue a binding decision on the parties in a dispute named award, which allows any differences raised in trade relations to be solved in a friendly, quick and impartial manner.
Among the alternative means of dispute resolution, arbitration in commercial relations is a figure that over the years has been gaining territory over conflict resolution in the courts. Arbitration is a procedure by which the appointed arbitrators issue a binding decision on the parties in a dispute named award, which allows any differences raised in trade relations to be solved in a friendly, quick and impartial manner. Arbitration in Nicaragua
used mileage points interpreted as sales allowance deductible from tax base- Lee & Ko
Head of VEGAS LEX PPP and Infrastructure practice Denis Shtirbu moderated the session on transport cooperation and logistics at The Moscow Times conference, Doing Business with China. New Horizons for Business Cooperation: Russia – China .
GRP Rainer Rechtsanwälte has once again received awards, this time for the year 2017, from Corporate INTL for best law firm in the fields of commercial law and tax law in Germany.
The members of a sisterhood may also fall within the ambit of the regulations pertaining to what is termed labour leasing or temporary employment. That was the verdict of the Court of Justice of the European Union (CJEU) in its ruling of November 17, 2016 (Az.: C-216/15).
Barcelona – Gonzalo Butori and Graziano Cecchetti, Partners at the newly opened Giambrone Barcelona office, attended the 4 th edition of the International Trade Fair of the Legal Profession held by the Barcelona Bar Association (ICAB) on February 16 th and 17 th .
America’s Federal Bureau of Investigation (FBI) announced its intention of pursuing organisations involved in binary options fraud across the globe. The FBI’s Complex Financial Crimes Unit will seek to draw on the relationships that it has forged with law enforcement agencies worldwide to pursue and bring down the fraudulent organisations that prey on innocent victims and leave a trail of destruction in their wake.
VEGAS LEX experts have discussed procedural specifics of supporting cartel damage disputes at a Pravo.ru conference on judicial practice in 2016 and important 2017 trends.
NautaDutilh assisted Raizen Fuels Finance S.A., as issuer on its USD 500 million 5.3% senior notes offering which successfully closed on 20th January. The issuer is part of the Brazilian Raizen group, the world largest individual producer of sugar cane. The Raizen group also operates a network of more than 5,800 Shell-branded stations in Brazil.
Goltsblat BLP , the Russian practice of international law firm Berwin Leighton Paisner (BLP), has advised ICBC International Leasing , the leasing subsidiary of the world’s biggest financial group, on delivery of six Airbus A321-211 aircraft to Aeroflot.
Seriously offending one’s work colleagues constitutes good cause justifying exceptional notice of dismissal with immediate effect. That was the verdict of the Landesarbeitsgericht (LAG) Rheinland-Pfalz [Regional Labour Court of Rhineland-Palatinate] (Az.: 4 Sa 350/15).