The government of Panama has filed a lawsuit to annul the contract for the purchase of 19 radars from the Italian company Finmeccanica and a temporary suspension while the claim is being settled.
A year after stopping the execution of the project to install radars provided by the company Selex, the Varela administration is now asking for the cancelation of this contract, arguing, among other things, that "...
The Canadian firm Infinito Gold has ceased operations and requested the temporary suspension of arbitration against Costa Rica over the failed concession of the Crucitas gold mine.
The cessation of business operations due to lack of financial resources, announced in mid-July, when all its directors and managers resigned, could be the main reason for the decision to request the temporary suspension of the proceedings against Costa Rica over the Crucitas gold mine, for which $94 million was demanded for violations of the agreement for the promotion and protection of investments between Costa Rica and Canada.
Ranging from law suits to revoke the decision, to a request for injunction against the Director of Taxation, legal measures are being taken by the guild in Costa Rica to get the collection of the sales tax suspended.
The decision to charge sales tax on companies offering tourist services, retrospectively since 2009, will generate the "... failure of many businesses," warn the authorities of the National Chamber of Tourism (Canatur).
Due to failures in the operation of the 7 radars already installed, the government has decided to suspend implementation of the $120 million project with the Italian company Selex, a subsidiary of Finmeccanica.
From a statement issued by the Presidency of Panama:
The Government of the Republic of Panama, in its goal of protecting the interests of the Panamanian government, has decided to suspend development of the radar project being carried out by the company Selex of the Finmeccanica conglomerate due to "serious deficiencies in the performance of the installed equipment."
Judicially enforcing a contract takes 1402 days in Guatemala, 920 in Honduras, 852 in Costa Rica, 786 in El Salvador, 686 in Panama, and 409 in Nicaragua.
The data comes from the 2014 Doing Business report by the World Bank.
The extreme difficulty of enforcing contracts by means of the administration of justice systems is endemic in Latin America, which, as stated an article in Miamiherald.com by Andres Oppenheimer, contributes "to slow economic growth."
The dispute between the Italian company Enel and the CEL and INE commissions has sent a negative message to foreign investors.
In the opinion of experts, the fact that by the Ente Nazionale per l'Energia elettrica (Enel) and the Lempa River Hydroelectric Executive (CEL) are going through an arbitration process in order to decide who gets majority control of the geothermal plant, could be affecting the country’s attractiveness in terms of foreign investment.
The Honduran Council of Private Enterprise will file an appeal of unconstitutionality over the decree that imposes a 1% income tax to those who declare losses.
Armando Urtecho, executive director of the Council indicated that Decree 42-2011, violates the constitution, and therefore does not count as an appeal but an action of unconstitutionality.
The decision was confirmed by the extraordinary meeting of presidents of the unions affiliated to Cohep.
The International Chamber of Commerce will communicate its ruling on the arbitration trial filed by Enel for $120 million.
The complaint filed by Italian company Enel in October 2008 is based on noncompliance by the Salvadoran government with its commitment of handing over shares of company LaGeo.
"Nicolás Salume, president of CEL, informed he has been cited by the International Commerce Chamber for January 10, date when the entity will communicate its ruling on the case", published La Prensa Gráfica in its website.
The case was presented before an international tribunal in France, which the parties had established to settle conflicts that might arise in the preparation of the LaGeo.
Italian company, Enel, which partnered with the Salvadoran government in the operation of the LaGeo geothermic electric generating plant, took the government to court internationally for $120 million for not allowing it to hold the majority of shares that corresponds to the investments carried out, based on the contract between the two parties.
Vehicles made by Daimler AG can only be distributed and marketed in Guatemala by Comercial Omni, officials from this company say.
At a press conference, Omni warned the people of Guatemala to avoid buying these vehicles from Grupo Automotriz Q, because they would risk losing their vehicles, depending on judicial prohibitions.
Rodrigo Enrique Franco López said the contract with DaimlerChrysler AG, which provides the vehicles to Grupo Omni, is still in force under court orders and no other company in Guatemala can market them or use their symbols.
The distribution of vehicles of the German manufacturer Mercedes Benz is causing so much discord that it has landed in court without the prospect of a quick solution.
During the last few weeks, paid advertisements have appeared in the national media, some of them paid for by Grupo Daimler AG, which claim that the distribution in the country was granted to Group Q of San Salvador, and others by Grupo Omi, who does not accept that its contract has been rescinded.
español
7255
