Nicaragua

IFLR is pleased to reveal the winning deals, teams, law firms and individuals in the 2023 Americas Awards

Davis Polk wins firm of the year plus all the night’s winning deals, teams and individuals

IFLR is delighted to announce the shortlist for the IFLR Americas Awards 2022 – winners will be announced at the awards ceremony in New York on May 19

The Americas awards research cycle has now begun – don’t miss out on this opportunity to get recognised

On October 25 2017, the Law of Secured Transactions (Law 936) came into force with the purpose of stimulating access to credit for individual traders, small and medium enterprises, and other institutions that due to the nature of their assets were not subject to financing at competitive interest rates.

According to the Economy and Growth Prospects 2017 report published by the Central Bank of Nicaragua (BCN), the results of Nicaraguan macroeconomic development remain among the best in the region.

Rodrigo Taboada Ana Carolina Álvarez On October 6 2016, the Nicaraguan Congress approved the Ley de Garantías Mobiliarias (the Law of Security on Movable Assets). This has been described as a legal instrument that will, among providing other benefits, enable small producers, and micro- and medium-sized companies to access bank credit and micro finance institutions using their own assets as security. This will be done through the subscription of a written agreement between the grantor and the creditor that may be in a public, private or electronic document.

The Central Bank of Nicaragua, in its capacity as the regulator of the country’s payment systems, has authorised the first automated clearing house manager in Nicaragua