Market: Nicaragua

Central American ministers discuss free trade with US

Representatives of multilateral institutions, international experts and academics, and trade ministers and officials from Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua took part last weekend in a roundtable at the Inter-American Development Bank in Washington DC. The meeting was on the prospects for a free trade agreement between Central America and the United States.

24 June 2002

US Attorney for the Southern District of New York rejoins old firm

Former US Attorney for the Southern District of New York Mary Jo White has joined Debevoise & Plimpton, effective June 1.

07 June 2002

Freshfields launches US antitrust practice

Paul Yde and M J Moltenbrey have become partners of Freshfields Bruckhaus Deringer LLP and will launch a US antitrust practice in Washington DC. Joining them will be Alan Ryan, a competition partner who is relocating from the firm’s Brussels office.

24 May 2002

Winston & Strawn lawyer sets up on own

Thomas Vega-Byrnes has left Winston & Strawn and has set up his own solo practice, Thomas Vega-Byrnes LLC. He will continue to work in international power projects and will build upon established relationships with commercial, government and multilateral lenders, equipment suppliers and contractors.

24 May 2002

Central American Free Trade Agreement comes a step closer

The Presidents of Panama, Costa Rica, Nicaragua, Guatemala, and El Salvador, along with the Vice-President of Honduras, have signed the text for a future Free Trade Agreement to cover all six countries. With the signing of the text, which took place on March 6 in Panama City with the President of Brazil as witness, the Central American countries intend to form a trade bloc of 30 million consumers.

22 March 2002

Hughes Hubbard and Sherman & Sterling in US$120 million commercial paper program

The program, a re-do of one done last year, was signed between CABEI and Barclays Bank PLC. It is designed to finance foreign trade operations in Central America and was effective as of November 21, 2000.

21 November 2000

Telecoms privatisation moving ahead

Three companies, one French and two Mexican have pre-qualified to present bids in April for Nicaragua’s state owned telecoms company (ENITEL).

01 April 2000

Four new Magistrates elected for the Supreme Court of Justice

On March 20 the National Assembly (Congress) elected four new Magistrates for the Supreme Court of Justice. This fulfilled the regulation established in the amendments to the Political Constitution regarding the numerical increase of magistrates in the Supreme Court from 12 to 16 (Article No. 163 Cn). The new Magistrates elected are: Armengol Cuadra, Carlos Guerra Gallardo, Guillermo Selva Argüello and Rafael Solís Cerda.

20 March 2000

Law 334 authorises National Port Company to lease Puerto Cabezas' port facilities.

The law was approved on February 24 and published in the Official Newspaper on March 16. It authorises the National Port Company to lease, by public bidding and for a 25-year period, the port facilities of Puerto Cabeza.

24 February 2000

Partial Reform to Constitution

A partial reform to Nicaragua’s constitution was approved 18 January 2000 and published the following day in the official gazette.

18 January 2000

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