Court Confirms $2M Costs Award Against Investor In Mexican Telecoms Dispute

Mealey's (March 24, 2023, 1:51 PM EDT) -- CEDAR RAPIDS, Iowa — An Iowa federal court on March 23 granted the United Mexican States’ petition to enforce a more than $2 million award issued by an International Centre for Settlement of Investment Disputes (ICSID) tribunal against an American telecommunications investor for costs and fees after it rejected his North American Free Trade Agreement (NAFTA) claims and denied his motion to strike Mexico’s reply brief for allegedly improperly raising new arguments....