Nicaragua and Grupo Barceló Reach AgreementMonday, June 29, 2009 After a year of negotiations, the government of Nicaragua decided to drop its lawsuit against the Spanish consortium. The government had sued the hotel group Barceló in an international court for noncompliance of a contract to purchase a resort on the Pacific coast. Nicaragua demands that Grupo Barcelo returns ownership of Hotel MontelimarFriday, June 6, 2008 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. Attorney-General Hernán Estrada recently delivered the lawsuit to the third civil court of Managua. AFP confirmed that one of its sources says the precise date was not made public due to a gag order imposed by the hotel last May relatng to a debt linked to the contract. Barceló and Nicaragua to go to arbitrationThursday, June 26, 2008 The state of Nicaragua is suing Grupo Barceló for 30 million dollars, in a process that will go for arbitration before the International Center for Settling Differences Relative to Investments. Although Barceló threatened to take the case to the international settlement center weeks ago, in the end it was the State of Nicaragua that took the initiative on arbitration. Private Justice in Cases Between State and BusinessFriday, March 16, 2012 The Nicaraguan government has agreed to the intervention of the Mediation and Arbitration Center of the Chamber of Commerce in disputes it has with companies. Representing the state, the Attorney General of the Republic, Hernan Estrada, established the agreement with the Chamber of Commerce of Nicaragua (Caconic). This agreement is intended to expedite the resolution of disputes or controversies existing between the State and enterprises. Barceló insists that it owes Nicaragua nothingFriday, June 27, 2008 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. The company's legal reprentative, Tomás Delaney, told reporters that they have reviewed the lawsuit sent to the Washington-based International Center for Settlement of Differences Relative to Investments. Nicaragua Tries to Brush Off SeizuresWednesday, February 22, 2012 The Attorney General has calls on owners of Hotel Punta Teonoste to bring a trespassing issue to court and expressed willingness to open a dialogue. The Attorney General of the Republic of Nicaragua, Hernan Estrada, has moderated his position on the occupation of private lands used for investment in tourism, Hotel Punta Teonoste, inviting the family who owns the hotel to take the matter to the courts of appeals. Nicaragua 'playing with fire' in clashes with Spanish investorsThursday, May 29, 2008 The Nicaraguan government is "playing with fire" in its disputes with two Spanish companies, Unión Fenosa and Grupo Barceló, warned José Escalante, president of the Spain-Nicaragua Chamber of Commerce. The government is expected to be sued by Fenosa, the nation's leading distributor of electricity in a dispute over the terms under which the state aims to take a 16 percent stake in the company's equity. Invaders Hinder Investment Project in NicaraguaThursday, June 20, 2013 The development of a residential project in Matagalpa has been detained since last year because of occupation by 300 land grabbers. The invasion of more than 300 people on private land has stopped construction of a development project which aims to build 250 homes with a value of between $150 thousand and $500 thousand each. Resolution of Property Dispute in NicaraguaFriday, March 28, 2014 The Attorney General has invited U.S. citizens with outstanding property claims, to present their cases to a process that it advertises as fast. The Nicaraguan Government is seeking to resolve in the short term all cases or property disputes that exist with U.S. and in through this dispel the usual objections for it not being granted a Waiver of Property by the U.S. government. U.S. 'Waiver" Makes Businesses UneasyThursday, March 29, 2012 Nicaragua's government is trying to calm fears among businesses after the release of a report covering the pending property claims of U.S. citizens, without which bilateral and multilateral U.S aid may be jeopardized. From June 2011 to date, the government has been attending to about 64 claims by U.S. citizens who had their property seized in the 80s, having already solved about 25 cases, according to a report from the Attorney General's Office (PGR) released to Members of the Council of Private Enterprise, COSEP. Nicaragua: Second Phase of Land Property Organization ProjectTuesday, April 2, 2013 The World Bank has approved a $40 million loan to Nicaragua, which will go to projects related to the management of property rights in the country. From a press release issued by the World Bank (WB): Nicaragua Confiscates Tourism Real EstateFriday, February 17, 2012 Business associations are demanding to know the legal basis for an intervention at Hotel Punta Teonoste, where 20 acres of land were confiscated, to be handed to the former rebel leader Eden Pastora. President of the Superior Council of Private Enterphrise, COSEP, Jose Adan Aguerri, said the episode provokes uncertainty, which affects "all Nicaraguans in the country, it is the government, it is our image, it is employment, it is investment attraction, and that's something we're going to protect." Agreement Between Barceló and Nicaragua to Build AirportFriday, October 5, 2012 A partnership has been formed between the Nicaraguan government and the Spanish group Barceló to build an international airport in the Montelimar resort, in San Rafael del Sur. An article in Laprensa.com.ni reports that "The Government of Nicaragua and the Spanish hotel group Barceló have signed an agreement to build an international airport in the Montelimar resort, in the Pacific, officials said on Sunday. Nicaragua - Chile FTA in FebruaryTuesday, January 25, 2011 Both countries agreed to sign in February a bilateral protocol on a Free Trade Agreement (FTA). The announcement was made by the Chilean Ambassador to Nicaragua, Hernán Mena, adding that the agreement must be ratified by both congresses. Nicaragua-Chile FTA Ready to SignWednesday, October 13, 2010 Nicaraguan Vice President Jaime Morales said he was optimistic that the signing will take place before the end of the year. These were statements by the vice president, after diplomatic representative from Chile, Hernán Mena Taboada, announced that his country is ready to sign the FTA with Nicaragua. |
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