Split ICSID Tribunal Awards More Than $87M In Casino Investors’ NAFTA Claim

(September 13, 2024, 11:45 AM EDT) -- WASHINGTON, D.C. — The International Centre for the Settlement of Investment Disputes (ICSID) published a split tribunal’s award finding that the United Mexican States breached the North American Free Trade Agreement (NAFTA) by harming the casino investments of dozens of U.S. investors and shuttering casinos they had invested in, with the majority ordering Mexico to pay the investors more than $80 million in damages and $7 million in attorney fees....