12 Articles
12 Articles
The government of Mexico avoided assuming a claim for more than $219 million arising from the financial conflict between US creditors and TV Azteca
The International Center for Settlement of Investment Disputes (Ciadi) of the World Bank issued a ruling in favor of Mexico in the arbitration that it faced with the US funds Cyrus Capital Partners LP and Contrarian Capital Management LLC. According to the Ministry of Economy (SE), the companies claimed from the Mexican State a compensation of more than 219 million dollars, under the North American Free Trade Agreement, for alleged effects arisi…
Mexico obtained a favourable ruling in an international arbitration before ICSID, which rejected a claim of more than 219 mdd filed by two U.S. investment funds.
The resolution determined that the claimant funds did not have the status of NAFTA-protected investors
Mxico obtained a favourable resolution in an international arbitration promoted by US funds linked to TV Azteca creditors.
Since 2023, the Mexican State had been facing arbitration by the World Bank's International Centre for Settlement of Investment Disputes, on the grounds that they failed to comply with obligations of the T-MEC, the North American trade agreement, by failing to accede to a trial on equal terms.
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