Spanish envoy worried by Nicaragua's Barceló embargo
Spain's ambassador to Nicaragua, Antonio Pérez Hernández, voiced concern over the government's decision to impose a preventive embargo on the Spanish-owned hotel Barceló Playa Montelimar Resort & Casino.
Friday, June 13, 2008
The ambassador added, however, that he felt sure Barceló could prove to the authorities that it had done nothing wrong.
Nicaragua's Attorney-General's department advised that it has started a legal process to bring about the return of the Montelimar tourist complex, due to alleged non-fulfillment of the contract.
The Spanish consortium Barceló, owner of Hotel Montelimar in Managua, wants to resolve its differences with the government through international arbitration.
After a year of negotiations, the government of Nicaragua decided to drop its lawsuit against the Spanish consortium.
Executives from the Grupo Barceló repeated this Thursday that they owe nothing to the State of Nicaragua and refused to make further comments on the lawsuit presented by the government.
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