Region: Mexico

Mexico faces ICSID claim over water plant

UPDATED: A Cayman-headquartered company has filed an ICSID claim against Mexico worth almost US$60 million over a cancelled contract for a water treatment plant.

10 February 2022

Mexico liable over vessels seized in fraud probe

A Singaporean marine services provider has been awarded damages in a treaty claim against Mexico relating to the seizure of vessels during a fraud investigation, as a related ICSID claim by a Dutch bank is discontinued.

12 January 2022

Mexico challenges NAFTA denial of justice award

Mexico has asked a US court to vacate a NAFTA award that requires it to pay US$47 million to a Canadian fund in compensation for a denial of justice – as a Canadian court strikes out evidence presented by another investor seeking to revive a claim under the trade agreement.

08 December 2021

Mexico and Guatemala face new ICSID claims

Mexico has been hit with a second ICSID claim relating to a venture to provide digital technology for taxis – as Guatemala faces a claim by a Panamanian investor in a hydroelectric project.

16 November 2021

Mexico liable for denial of justice

A NAFTA tribunal has ordered Mexico to pay US$47 million to a Canadian real estate investor over the failure of the country’s courts to address evidence that it was the victim of a fraud.

22 September 2021

Mexico declares win against satellite operator

Mexico says it has defeated an investment treaty claim for more than US$120 million brought by France's Eutelsat over the reservation of satellite capacity for use by the state.

17 September 2021

Live Nation to settle Mexican M&A dispute

Live Nation has revived a deal to acquire a Mexican live entertainment business for over US$440 million, suspending an ICC arbitration in which it had sought to abort the purchase because of the covid-19 pandemic.

15 September 2021

Mexico threatened with treaty claim over oilfield

A Houston energy company has threatened Mexico with a treaty claim after the country’s national petroleum company, Pemex, was designated as the operator of an offshore oilfield.

06 September 2021

BP defeats claim over tax liabilities

An AAA tribunal has dismissed a US$55 million claim against BP by subsidiaries of a Bermudan deepwater drilling contractor over tax liabilities.

06 August 2021

Mexican utility alleges corruption after LCIA claim

A Mexican state-owned electric utility facing a US$40 million LCIA claim from a Texas energy company has warned it will pursue civil and criminal proceedings against the claimant, alleging that its contracts were procured through corruption.

21 July 2021

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