Nicaragua
Latin Arbitration Law Country Profile
Arbitration Law
- Law No. 540 - Ley de Mediación y Arbitraje - June 24, 2005
International Conventions
|
|
Signed |
Entered into force |
|
24 Sep. 2003 |
23 Dec. 2003 [1] |
|
|
30 Jan. 1975 |
Not in force |
|
|
Not signed |
Not in force |
|
|
4 Feb. 1994 |
19 Apr. 1995 [2] |
Investment Protection Treaties
|
Bilateral Investment Treaties [3] [4] |
Signed |
Entered into force [5] UNCTAD/MIFIC |
Dispute Resolution Fora |
|
Argentina (Sp.) |
10 Aug. 1998 |
1 Feb. 2001 |
Local courts ICSID ICSID Additional Facility Rules UNCITRAL |
|
27 May 2005 |
18 Jan. 2007 |
UNCITRAL ICSID ICSID Additional Facility Rules ICC Stockholm Chamber of Commerce |
|
|
Chile (Sp.) |
8 Nov. 1996 |
24 Nov. 2001 |
Local courts ICSID |
| China (Sp.) |
29 Jul. 1992 |
8 Jan. 1993 |
Local courts Ad hoc arbitration |
|
Czech Republic (Sp.) |
2 Apr. 2002 |
24 Feb. 2004 |
Local courts UNCITRAL ICSID |
|
Denmark (Eng.) |
13 Mar. 1995 |
19 Jan. 2001 |
Local courts ICSID |
|
Ecuador (Sp.) |
2 Jun. 2000 |
8 Sep. 2002 [6] |
Local courts ICSID |
|
El Salvador (Sp.) |
23 Jan. 1999 |
8 Jul. 2000 |
Local courts ICSID ICSID Additional Facility Rules |
|
17 Sep. 2003 |
18 Jan. 2007 |
Local courts ICSID ICSID Additional Facility Rules UNCITRAL Ad hoc arbitation |
|
|
France (Fr.) |
13 Feb. 1998 |
31 Mar. 2000 |
ICSID |
|
Germany (Sp.) |
6 May 1996 |
19 Jan. 2001 |
Local courts ICSID |
|
Italy (Sp.) |
20 Apr. 2004 |
Not in force |
Local courts UNCITRAL ICSID |
|
Korea, Republic of (Eng.) |
15 May 2000 |
22 Jun. 2001 |
ICSID ICSID Additional Facility Rules |
|
Netherlands (Eng.) |
28 Aug. 2000 |
16 Jun. 2003 |
ICSID |
|
Spain (Eng.) |
16 Mar. 1994 |
28 Mar. 1995 |
Local courts UNCITRAL ICSID ICC |
|
Sweden (Sp.) |
27 May 1999 |
17 Nov. 1999 |
|
|
30 Nov. 1998 |
2 May 2000 |
ICSID | |
|
Taiwan, Province of China |
29 Jul. 1992 |
8 Jan. 1993 |
|
|
United Kingdom (Eng.) |
4 Dec. 1996 |
21 Dec. 2001 |
ICSID |
|
1 Jul. 1995 |
23 Aug. 1996 [7] |
Local courts ICSID ICSID Additional Facility Rules UNCITRAL Other arbitration institution Ad hoc arbitration |
|
|
Total |
20 |
18 |
|
Free Trade Associations [8] |
Signed |
Entered into force |
|
Mexico (Sp.) |
18 Dec. 1997 |
1 Jul. 1998 |
| Central America - Dominican Republic (Sp.) |
16 Apr. 1998 |
3 Sep. 2002 |
| Central America - Chile |
18 Oct. 1998 |
Not in force |
| Central America - Panama (Sp.) |
6 Mar. 2002 |
21 Nov. 2009 |
| DR-CAFTA (Dominican Republic and Central American Free Trade Agreement) (Sp.) | 5 Aug. 2004 |
1 Apr. 2006 |
| Taiwan, Province of China (Sp.) |
16 Jun. 2006 |
18 Jan. 2007 |
|
Total |
6 |
5 |
Certain Arbitration Cases
|
ICSID Cases [17] |
Decisions and Awards |
Date [10] |
|
Shell Brands International AG and Shell Nicaragua S.A. v. Republic of Nicaragua (Case No. ARB/06/14) |
Settlement agreed by the parties |
12 Mar. 2007 |
Cases/Parties Per Year
|
|
AAA/ICDR [11] |
ICC [12] |
ICSID [13] |
|
| Registered | Concluded | |||
|
2000 |
N/A [14] |
0 |
0 |
0 |
|
2001 |
N/A |
0 |
0 |
0 |
|
2002 |
N/A |
1 |
0 |
0 |
|
2003 |
N/A |
1 |
0 |
0 |
|
2004 |
N/A |
0 |
0 |
0 |
|
2005 |
N/A |
0 |
0 |
0 |
|
2006 |
N/A |
0 |
1 |
0 |
|
2007 |
N/A |
1 |
0 |
1 |
| 2008 | N/A | 0 | 0 | 0 |
| 2009 | N/A | N/A | 0 | 0 |
Arbitral Institutions
Centro de Mediación y Arbitraje "Antonio Leiva Pérez" de la Cámara de Comercio de Nicaragua
DISCLAIMER: USERS OF THIS SITE ARE RESPONSIBLE FOR VERIFYING THE INFORMATION CONTAINED IN EACH COUNTRY BRIEF, THESE MATERIALS MAY NOT REFLECT THE MOST CURRENT LEGAL DEVELOPMENTS OR DECISIONS.
[1] Source: UNCITRAL, available at http://www.uncitral.org/uncitral/en/uncitral_texts/arbitration/NYConvention_status.html
[2] Source: ICSID, available at http://icsid.worldbank.org/ICSID/FrontServlet?requestType=ICSIDDocRH&actionVal=ContractingStates&ReqFrom=Main
[3] Language abbreviations: Spanish = Sp.; English = Eng.; French = Fr.
[4] Source: UNCTAD and Ministerio de Fomento, industria y Comercio, ("MIFIC"), information on BIT's available at http://www.mific.gob.ni/INICIO/INVERSIONEXTRANJERA/ACUERDOSDEINVERSION/tabid/118/language/en-US/Default.aspx, and SICE, available at http://www.sice.oas.org/ctyindex/NIC/NICBITs_e.asp
[5] Sources: SICE, available at http://www.sice.oas.org/ctyindex/NIC/NICBITs_s.asp, and MIFI, available at http://www.mific.gob.ni/INICIO/SACI/SOLUCIONDECONTROVERSIASCOMERCIALES/INVERSIONISTAESTADO/tabid/93/language/en-US/Default.aspx
[6] Denounced by Ecuador on October 2008.
[7] According to SICE, available at: http://www.sice.oas.org/ctyindex/NIC/NICBITs_e.asp. However, according to UNCTAD this treaty is not in force.
[8] Source: OAS, Sistema de Información sobre Comercio Exterior, ("SICE") and Ministerio de Fomento Industria y Comercio of Nicaragua available at http://www.mific.gob.ni:81/docushare/dsweb/View/Collection-12 and http://www.mific.gob.ni/dirFomento/guiaInversionista.htm
[9] Cases are presented in chronological order taking into consideration the registration number (Int'l arbitration cases) or the day of issuance (Court decisions).
[10] Date the decision or award was rendered.
[11] No. of cases administered by the International Center for Dispute Resolution of the AAA with a party from Nicaragua.
[12] No. of Parties from Nicaragua involved in Arbitration cases under ICC Rules.
[13] No. of cases registered by the ICSID Secretariat with Nicaragua as Respondent State.
[14] No information available.
[15] Terminal date of designation: March 14, 2010.
