Region: Mexico

Mexican state utility pays hydro award

Mexico’s state electric utility has paid US$270 million to a Chinese-Mexican consortium to settle an LCIA award over a hydroelectric project disrupted by local protests.

07 July 2021

Goldman Sachs brings claim against Mexican state utility

US investment bank Goldman Sachs has launched international arbitration against Mexico’s state electric utility to recover US$400 million in debt that arose after a storm in Texas earlier this year led to a rise in natural gas prices.

19 May 2021

US oil and gas investors bring claim against Mexico

A group of US oil and gas investors have filed an ICSID claim against Mexico over their investments in the country’s upstream hydrocarbons sector.

13 May 2021

Mexico threatened over sugar mill bankruptcy

A US agribusiness investor and JP Morgan have threatened Mexico with a NAFTA claim after they were unable to seize property owned by a local sugar mill business that had defaulted on two mortgages.

07 April 2021

Parking investors threaten Mexico

Two US companies have threatened Mexico with NAFTA legacy claims over their investments in Mexico City’s parking system – as a proposed law to boost screenings of local films leads to speculation about potential treaty claims.

30 March 2021

Odebrecht venture settles ethane dispute with Pemex

A subsidiary of Brazilian construction group Odebrecht has reportedly settled an ICC arbitration with Mexico’s state oil company Pemex over an ethane supply contract for a US$5.2 billion petrochemical complex.

10 March 2021

Canadian silver miner launches NAFTA claim against Mexico

A Vancouver-based silver mining company has made good on a threatened NAFTA claim against Mexico over retrospective tax liabilities reportedly worth over US$500 million – after the state allegedly annulled a pricing agreement and refused to engage in negotiations.

03 March 2021

Von Wobeser promotes three

Mexican firm Von Wobeser y Sierra has promoted Raymundo Soberanis to partner and Pablo Fautsch and Jessika Rocha to counsel in its arbitration team.

22 February 2021

Mexico can't appeal Canadian judge's NAFTA ruling

A Canadian court has said Mexico cannot appeal a judge’s decision to uphold a jurisdictional award in favour of a group of US casino investors pursuing a US$450 million NAFTA claim.

08 February 2021

Mexico power bill draws warning of treaty claims

A Mexican business lobby has warned the government of President Andres Manuel Lopez Obrador that proposed reforms to the country’s electric market amount to “indirect expropriation” and may lead investors to file treaty claims.

03 February 2021

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