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Nicaragua high court denies farmers' appeal of canal project
Legal Interview |
2017/03/29 11:19
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Nicaragua's Supreme Court has rejected a farmer group's appeal seeking to block a proposed $50 billion interoceanic canal.
The legal challenge had sought to overturn a 2013 law under which the canal concession was granted to a Chinese company.
The court's decision late Monday is in line with similar rulings it made previously.
President Daniel Ortega's government says a canal would create tens of thousands of jobs and stimulate the poor Central American nation's economy.
Detractors argue it poses serious environmental risks, would displace thousands of families in the countryside and is financially unfeasible.
No work on the canal itself has been done, though ground has been broken for some access roads related to the project. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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