ICSID Rejects Canada’s Objections, Allows Mobil’s NAFTA Claims To Proceed

(July 26, 2018, 1:53 PM EDT) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on July 26 released its decision on jurisdiction and admissibility in an arbitration commenced by an oil company in relation to its investments in oil field development projects, rejecting Canada’s arguments that its claims were time-barred under the North American Free Trade Agreement (NAFTA) or barred by a previous case (Mobil Investments Canada Inc. v. Canada, No. ARB/15/6, ICSID)....