Nicaragua – New Legislation of the Nicaraguan Authorized Digest on Enterprise, Business and Commerce

On July 26, 2022, the “Legislation 1097 Legislation of the Nicaraguan Authorized Digest on Enterprise, Business and Commerce” was revealed in difficulty quantity 137 of The Gazette Official Every day, with the aim of strengthening the authorized safety and regulatory uniformity within the enterprise sector.

The Digest compiles ordered lists of the authorized norms in pressure; the reference to the worldwide devices accepted and ratified by the State of Nicaragua; the authorized norms not in pressure or historic legislation; and the consolidated authorized norms, close to the Enterprise, Business and Commerce sectors.

Lastly, the Digest establishes the duty of the authorities in command of the appliance of the rules contained within the Digest, to evaluate and adapt their regulatory frameworks to it.

The Digest arises from the necessity, based on the Legislation itself, to simplify, compile and set up with readability and certainty the authorized framework in pressure (and never in pressure) of the sector.

https://www.lexology.com/library/element.aspx?g=8f4f7a51-ef38-45cb-893c-68de655f9469

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