ICSID Bifurcates Supplement Maker’s $2.7B Expropriation Claim Against Mexico

(September 20, 2024, 12:38 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Sept. 19 published a tribunal’s order granting the United Mexican States’ request to bifurcate a Michigan-based company’s claim for $2.7 billion in damages based on the alleged expropriation of its Mexican farmland, with the tribunal agreeing to resolve in a preliminary phase Mexico’s objection that the claim is improper and time-barred under the U.S.-Mexico-Canada Agreement (USMCA)....