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Nicaragua: New Commercial Code to Be Drafted

(Aug. 25, 2011) Within the next two years, Nicaragua expects to draft and approve a new Commercial Code. The Consejo Superio de la Empresa Privada (COSEP) [Superior Council for Private Enterprise] and President Daniel Ortega's administration are planning to issue a new Code because the current one entered into effect in 1917 and is considered […]

Nicaragua: Supreme Court Decision Permitting President, Others to Seek Reelection

(Dec. 18, 2009) On October 19, 2009, the Constitutional Chamber of the Supreme Court of Nicaragua issued a decision that effectively permits the President, Vice-President, mayors, and vice-mayors to run for reelection. (Case No. 602-09, in the Amparo Writ Ortega et al. v. the Supreme Electoral Council of the Republic of Nicaragua, ARCHIVOS DE LA […]

Nicaragua: Presidential Decree Directs Measures of Austerity

(Feb. 27, 2009) On January 15, 2009, the President of Nicaragua, Daniel Ortega Saavedra, issued a decree on “austerity and savings.” Presidential Decree 02-2009, published in LA GACETA, DIARIO OFICIAL [the official gazette] of January 21, 2009, contains the measures that governmental institutions should take to generate savings within public agencies, with the aim of […]

Nicaragua: Refugee Legislation Approved

(July 2, 2008) Twenty-eight years after acceding to the United Nations Convention on Refugees, on June 5, 2008, Nicaragua approved the Law on Protection of Refugees. The legislature passed the Law by a nearly unanimous vote. The Law mandates the creation of a National Commission for Refugees (CONAR), which will be in charge of studying […]