Sanctions Law News – Nicaragua
Following John McKendrick QC and Alex Haines’ successful sanctions seminar – in conjunction with Central America’s largest law firm Consortium legal – in Managua on 30 August 2019, the Association of Certified Sanctions Specialists (ACSS) has published their article The ‘Nica Act’: The Nexus, Effect, and Long-Arm Reach of US Sanctions Against Nicaragua on its website.
The Nicaraguan Human Rights and Anticorruption Act of 2018 (NHRACA) seeks to hold violators of human rights and corrupt actors in Nicaragua accountable. It also instructs the US president to impose individual sanctions on members of the Nicaraguan government deemed responsible for human rights violations against the post-April 2018 protesters, as well as current and former Nicaraguan government officials involved in significant acts of corruption. Sanctions could take the form of visa removals, the blocking of US assets, and prohibitions on transactions between those sanctioned and US citizens.
The article also examines the effects of the Nicaragua Investment Conditionality Act (the NICA Act) as well as US foreign policy pressure on international organisations such as the World Bank and the IMF.
Barristers: Alex Haines | John McKendrick QC