Labor Severance Pay Deductions Applicable in Nicaragua
On many occasions we have received inquiries from clients, in most cases, until the employment relationship is going to end, asking if certain deductions can be applied to the employees severance pay resulting from loans granted by the employer or by a Bank to the employee, for amounts paid by the employer in training or studies received by the employee, for employer equipment given to the employee for the performance of his/her work that is not returned at the end of the employment relationship, etc.
Important updates you should be aware of as we start 2020
RESOLUTION No. CD-SIBOIF 1138-1-NOV13-2019, STANDARD ON IMPOSITION OF SANCTIONS TO THE SECURITIES MARKET ENTITIES FOR NON-COMPLIANCE IN THE FIELD OF PREVENTION OF MONEY LAUNDERING, FINANCING TO TERRORISM AND FINANCING TO THE PROLIFERATION OF WEAPONS OF MASS DESTRUCTION, dated November 13, 2019.
Legal aspects of the assignment of workers between companies in Nicaragua
On previous occasions we wrote about the international assignment of workers, referring to those cases in which workers of a foreign company were sent to Nicaragua to work for a Nicaraguan company. On this occasion we will refer to the assignment of workers among Nicaraguan companies, understanding as such the change of employer in Nicaragua.
Claiming the Color of a Trademark
An aspect that is usually forgotten when registering a trademark and protecting it, is precisely the color of it. Determining the color of the trademark is perhaps one of the most important decisions at the time of creation and later becomes the base of the advertisement of the company or product that it represents, included in publications on social networks, business cards, colors used in official documentations etc. Given the above, if the color is really special, distinctive and is an element that you want to protect, you should know that our legislation through Law 380 “Law of Trademarks and Other Distinctive Signs” provides in its article 3, that among the signs which can be considered a brand, colors are also included.
Necessary documents in order to evaluate the viability of a property in Nicaragua prior to the signing of a contract.
Even though in our country there is a complete and clear legal framework regarding Real State, as a result of the events occurred in Nicaragua in the second half of the 20th century and the bad habits that people have of not registering the transfers of their properties, sometimes there are inconveniences or new challenges that makes the contracting on certain goods more difficult.