ICSID Dismisses Energy Firm’s $193M Arbitration Claims Against Canada

(March 8, 2018, 9:44 AM EST) -- WASHINGTON, D.C. — In a majority ruling, a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on March 6 issued an arbitral award in a case in which a U.S. energy firm sought approximately $193 million in damages from Canada in relation to its alleged treatment of energy generation assets and operations at a pulp mill, dismissing its claims for violation of the North American Free Trade Agreement (NAFTA) for lack of jurisdiction (Mercer International, Inc. v. Canada, No. ARB[AF]/12/3], ICSID)....