Region: Mexico
Mexico faces ICSID claim over hydrogen project
A French industrial gases company has brought an ICSID claim against Mexico following the expropriation of a hydrogen plant.
08 April 2025
Mexico hit with claim from chemicals group
UPDATED: A Czech chemicals group has filed an ICSID claim against Mexico after one of its cyanide production facilities in the country was destroyed.
19 February 2025
Mexican utility settles with Spanish consortium
A Spanish construction consortium says that Mexico’s state-owned electric utility has paid a US$22 million LCIA award over cost overruns at a power plant project – as the utility faces a bid to enforce another award.
14 February 2025
Mexican utility to settle gas dispute with Goldman Sachs
Mexico’s state electric utility has reportedly agreed to pay US$300 million to a Goldman Sachs entity to settle an LCIA dispute over a debt triggered by a spike in gas prices after a freak storm.
08 January 2025
AXA brings ICSID claim against Mexico
French insurer AXA has launched an ICSID claim against Mexico after it was reportedly hit with a retrospective tax bill.
09 December 2024
Mexico fails to quash NAFTA denial of justice award
A US court has upheld a US$47 million NAFTA award that found Mexico liable for denial of justice – while refusing to allow a Mexican businessman who was found to have committed fraud in the award to intervene in the set-aside proceedings.
12 November 2024
Failed NAFTA claimants accuse Chilean arbitrator of pro-state bias
A group of US oil services investors whose US$270 million NAFTA claim against Mexico was thrown out earlier this year are arguing the award should be set aside because their own appointed arbitrator – Chile’s Andrés Jana – failed to disclose his counsel work for states in various investment arbitrations.
08 November 2024
Sands survives challenge over alleged bias against third-party funding
A declaration by Philippe Sands KC expressing “serious concerns” about third-party funding in investment arbitration does not show he is biased against parties in general who rely on funding to bring claims, his co-panellists on an ICSID case have found.
07 November 2024
Mexico liable for denial of justice in NAFTA oil services dispute
A NAFTA tribunal has upheld claims by three US oilfield services companies that they were denied justice in the Mexican courts after a state-owned entity terminated their contracts.
07 November 2024