Nicaragua Arbitration

Nicaragua is a Contracting State to the ICSID Convention:

• Signature: 4 February 1994
• Deposit of Ratification: 20 March 1995
• Entry into Force: 19 April 1995
• Pursuant to Article 13(1) of the ICSID Convention Nicaragua has made the following panel designations effective until 14 March 2010:
  - Mr. Renaldy J. GUTIÉRREZ: Attorney; Former Director and President, Nicaraguan American Chamber of Commerce

Nicaragua is a Contracting State to the New York Convention:

• Date of Accession: 24 September 2003
• Entry into Force: 23 December 2003

In 2005, Nicaragua enacted legislation based on the UNCITRAL Model Law on International Commercial Arbitration as adopted in 1985 and is therefore now popularly considered to be an UNCITRAL Model Law State

Nicaragua is a Contracting State to both the 1899 & 1907 Convention for the Pacific Settlement of International Disputes:

• 1899 Entry into Force: 15 June 1907
• 1907 Entry into Force: 14 February 1910

Nicaragua is a United Nations Member State:

• Date of Admission: 24 October 1945

Official State Name: Republic of Nicaragua - República de Nicaragua

Official Language: Spanish

Recognised Regional Languages: Creole, Miskito, Sumo and Rama

Capital: Managua

Motto: En Dios Confiamos (Spanish) "In God We Trust"

Currency: Córdoba (NIO)

Time Zone: (UTC-6)

International Calling Code: +505

Internet TLD: .ni

Travel Website: http://www.visitanicaragua.com/ingles/

Coming soon.