Mexico Did Not Expropriate U.S. Investor’s Telecom Revenue, ICSID Finds

(June 30, 2020, 9:04 AM EDT) -- WASHINGTON, D.C. — An International Center for Settlement of Investment Disputes (ICSID) tribunal in an award issued June 5 and published June 17 ordered a U.S. investor to pay the United Mexican States more than $2 million in arbitration-related costs after it denied his claims that Mexico had violated the North American Free Trade Agreement (NAFTA) by expropriating his investment in a Mexican telecommunications company as the tribunal found he never had rights to the revenues he claimed had been expropriated (Joshua Dean Nelson v. United Mexican States, No. UNCT/17/1, ICSID)....

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