Judge Confirms $50M NAFTA Award Against Mexico In Real Estate Dispute

Mealey's ( November 11, 2024, 1:26 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Nov. 8 granted a Canadian real estate investor’s cross-petition to confirm an International Centre for Settlement of Investment Disputes (ICSID) award in its favor against the United Mexican States worth more than $50 million for breaches of the North American Free Trade Agreement (NAFTA) and dismissed a Mexican businessman’s motion to intervene as moot....