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.
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.
The land in Matagalpa is owned by businessman a Pedro J.
The implementation of scanner-based inspection of cargo at customs increases the cost of moving goods in the region.
Both Panama and Nicaragua have contemplated implementing scanning systems or X-rays to inspect cargo arriving at the port terminals, the first of these two countries in its inter-oceanic canal, and the second in the one it is dreaming of building.
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):
More than 90,000 families will benefit as a result of a $40 million project approved on Tuesday by the board of the World Bank (WB). This is the second stage of the Property Ordinance Project (PRODEP II) which regulates property rights and modernizes the institutions responsible for the administration of land in Nicaragua.
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'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.
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.
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.
The Government announced an agreement with “Grupo Barceló” to build an international airport, plus additional Spanish investment in tourism.
Bayardo Arce, Nicaraguan Presidential advisor, announced several agreements with Spanish companies and with the Spanish Chamber of Commerce.
Antonio Pérez-Hernández, Spanish Ambassador in Nicaragua, announced that “Spain will assist in a project to develop the tourism sector, prepared by the Nicaraguan Tourism Institute in alliance with the Inter-American Development Bank”. He added that Spain has agreed with Luxembourg and the European Commission to “elaborate a plan to foster all aspects of tourism in Nicaragua”.
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.
Prensa.com interviewed the prosecutor Hernán Estrada: “Nicaragua will form a partnership with the Spanish group as the majority partner in the tourist complex Montelimar Resort & Casino.”
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.
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.
The Spanish consortium Barceló, owner of Hotel Montelimar in Managua, wants to resolve its differences with the government through international arbitration.
The government, through its Justice Department, insists that Barceló owes three million dollars for commitments made in its privatization contract.
Representatives of the Spanish company were to meet this afternoon with officials from the Superior Board of Private Enterprise and the National Tourism Chamber. They will officially state their case for seeking international arbitration at that meeting.
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.
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.
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.
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