The event was sponsored by CENTRAL LAW, a Law Firm in Nicaragua with the coordination of the Chamber of American Commerce of Nicaragua (AmCham), where firm is a member.
The Legal Digest project began in 2008, with the creation of the General Directorate through Administrative Resolution No. 07-02-2008 issued by the President of the National Assembly, Eng. René Núñez Téllez. The project was legally recognized on December 13, 2012 by approval of Law No. 826 of the Nicaraguan Legal Digest.
Since 1821, when Nicaragua, along with Central America, gained independence from the Spanish Crown, 194 years of various social contexts have passed during which countless legal norms have been issued, such as: law, rules, legislative and executive law decrees, international treaties, technical norms, notices. Having so many legal norms, some confusion exists regarding the validity of a norm due to various reasons like the purpose for which it was created, expiry, expressed or implied derogation or they have simply become outdated. All of the above is an issue due to the various criteria related to norm implementation. This creates legal uncertainty and insecurity for people.
Based on the situation aforementioned, the Legal Digest of Nicaragua was created. It was born to warrant the current legal system in the country, a monumental task achieved by compiling, collecting, organizing, analyzing, consolidating, refining, structuring, and updating all legal norms. The aforesaid translates into this Digest clearly and accurately bringing to the table a set of game rules so that we, as a society, along with the government and other bodies of the State, may observe and put in practice the various norms with complete certainty, thus promoting the respect for the Rule of Law.
This great Legal Digest project is divided into 31 topics, as diverse as necessary, ranging from property, public finances (customs, taxes), international treaties, investment and trade to energy and water resources. Every topic is organized so that there is certainty on what is currently in force and what is part of the legislative history.
What has been done so far?
They are also working on three other areas, namely: public finances, which includes customs and the taxes. It should be noted that, once approved, the development of the public finance digest will be invaluable. It means that over six thousand norms will disappear. At the end of the day, this will help all of us and therefore it will make it easier for the financial sector of the Estate to operate transparently.
The work of the General Directorate of the Legal Digest does not end with the approval of a digest. They are also responsible for keeping it up to date taking into consideration ongoing legislative developments and modern trends emerging from the various topics, such as the energy sector which, while approved in 2011, it has added and will continue to add new legal norms that will require attention. Beginning in 2016, a new digital platform will be available to all of us.
Finally, it should be noted that we, in Nicaragua, are pioneers in the matter, as we are the only State of Central America having a Legal Digest project. At the same time, we are leaders in Latin-America, as only we have a Digest divided into subjects, thus facilitating understanding. Furthermore, we are the only country in the world to have a Digest that addresses sovereignty and food and nutritional safety.
We congratulate the team led by Mrs. María Auxiliadora Acosta for their hard work in the best interest of Nicaragua, and we encourage them to pursue their monumental endeavor. They can count on our support and assistance.