ICSID Tribunal Denies Investor’s Request For Interim Measures Against Mexico

Mealey's (February 3, 2023, 1:23 PM EST) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal in an order published Feb. 2 refused three Texas-based oil companies’ request that it enjoin the United Mexican States from actions regarding a contract disputed in the $200 million North American Free Trade Agreement (NAFTA) arbitration that the companies say would affect the tribunal’s jurisdiction after finding the companies failed to allege a risk of irreparable harm....