The Legal 500

Nicaragua

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Editorial

Legal market overview

Nicaragua, although still one of Latin America’s least developed countries, has been growing steadily over the past decade. GDP grew by 4.2% in 2013, while foreign direct investment and trade increased and economic indicators remain positive.

Though small, the country’s legal market is relatively active and large regional firms such as Consortium – Centro América Abogados, Arias & Muñoz and García & Bodán, continue to dominate. These firms benefit from referrals from their respective regional networks, and have an edge in multi-jurisdictional work. Despite this, local firm Alvarado y Asociados competes effectively with these larger firms, and has an impressive international reach. Corporate and finance work remains the core area for Nicaraguan law firms, although IP also continues to grow in importance, with a number of firms developing solid offerings in the sector, with local boutique Guy José Bendaña-Guerrero & Asociados leading the way.

In one significant market development Meritas alliance member Nuñez Rizo Zambrana lost two key partners to Costa Rica-based BLP which has begun a regionalization drive with the opening of offices in El Salvador and Nicaragua. Similarly, another Costa Rican heavyweight, Pacheco Coto, has also opened in Managua, after absorbing the Salvadoran, Guatemalan and Nicaraguan offices of ACZALAW, Abogados Centroamericanos Asociados. Both firms are likely to provide strong competition to local firms and other regional players in the Nicaraguan market over the next few years.

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Legal Developments in Nicaragua

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • From the Depths of the Earth…

    …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.
  • Basic Labor Benefits Required by the Current Nicaraguan Law

    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.
  • Arbitration in Nicaragua

    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

    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
  • The legal difference between a consultant and an employee according to Nicaraguan Law

    Knowing the legal difference between a consultant and an employee is important for a company that needs to hire someone in Nicaragua or for a person interested in rendering services for a company or another person, due to the fact that the nature of the contractual relationship will determine many factors that both parties must be aware of before executing the contracting modality that will govern the relationship between them - the nature of the contractual relationship impacts on the employment benefits, tax implications and liabilities that the parties must comply with according to the law.  labor_law_in_nicaragua
  • Single director - shareholder Companies according to the Nicaraguan legal system

    What is a Single Shareholder and Director legal entity?
  • Business in Nicaragua- The Most Important Changes in the Recent Tax Reform

    In recent years, the country ́s the government has been committed to improving Taxation in Nicaragua and attempting to follow the legislative model used by some of the other countries in the region. Starting January 1st, 2013, a new tax law (Law No. 822, Tax Concertation Law) came into force in and completely changed the taxation system in Nicaragua. Two years later a new law was issued by the National Assembly containing more than 80 amendments, additions and repeals (Law No 891) which came into force December 18th, 2014.

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