Mexico, Canadian Investor Refile Petitions In Dispute Over $47M ICSID Award

Mealey's ( July 6, 2023, 1:44 PM EDT) -- WASHINGTON, D.C. — The United Mexican States and a Canadian real estate investor filed dueling petitions in District of Columbia federal court disputing whether it should vacate or confirm an International Centre for Settlement of Investment Disputes (ICSID) arbitral award in favor of the lender for its “denial of justice” claim worth approximately $47 million based on Mexican courts’ alleged failure to prevent loan fraud....