Arbitration in Nicaragua
Among the alternative means of dispute resolution, arbitration in commercial relations is a figure that over the years has been gaining territory over conflict resolution in the courts. Arbitration is a procedure by which the appointed arbitrators issue a binding decision on the parties in a dispute named award, which allows any differences raised in trade relations to be solved in a friendly, quick and impartial manner.
Single director -shareholder Companies (sociedad unipersonal) according to the Nicaraguan legal system.cording to the Nicaraguan legal system.
What is a Single Shareholder and Director legal entity?
Generally speaking, a Single-Director shareholder Company, is defined as a legal entity formed by only one shareholder, being the same either an individual or legal entity, originating from a unilateral legal act and declaration, and complying with the corresponding legal requirements applicable in each jurisdiction for its formation. This type of legal entity may also be known as a ¨sociedad unipersonal originaria¨ (Original Unipersonal or single shareholder company).
Intellectual Property: How Rights Over a Trademark can Expire in Nicaragua
The termination of applicable rights over a registered trademark is a very important topic that should be known by all trademark owners, since the causes for termination are many and it is important to know about each of them. Our Intellectual Property Legislation, specifically, the Trademark Law and other Distinctive Signs (Law 380), which regulates the nullity and cancellation actions as well as the renounce of a trademark. The first two are judicial actions that can be exercised primarily by an interested third party in the nullity or cancellation of a registered trademark, and the third one, is a petition that can be filed before the Intellectual Property Registry by the owner of the trademark to obtain the cancellation of its registration.
Business in Nicaragua- The Most Important Changes in the Recent Tax Reform.
In recent years, the country´s the government has been committed to improving Taxation in Nicaragua and attempting to follow the legislative model used by some of the other countries in the region. Starting January 1st, 2013, a new tax law (Law Nº. 822, Tax Concertation Law) came into force in and completely changed the taxation system in Nicaragua. Two years later a new law was issued by the National Assembly containing more than 80 amendments, additions and repeals (Law Nº 891) which came into force December 18th, 2014.
Association Agreement between the European Union and Central America
However, it was not until August 1 of the current year that the Agreement became operational, as provided in the second paragraph of Article 353 of the Association Agreement, and also mentioned by DGA´s TC 071/2013 of August 6, 2013. (www.dga.gob.ni)