Oil Rig Investors, Mexico Dispute Claims That NAFTA Breach Caused $700M In Damages

Mealey's (December 20, 2022, 2:12 PM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Dec. 19 published post-hearing briefs filed separately by a group of U.S. investors and the United Mexican States, each disputing whether the investors have established that Mexico caused them more than $700 million in damages by expropriating their investment in breach of the North American Free Trade Agreement (NAFTA) or whether the damages were caused by regular fluctuations in the oil market....

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