Award

Tecmed v Mexico

ICSID · Investment (ICSID and treaty) · Mexico · 29 May 2003

Why it matters

Técnicas Medioambientales Tecmed, S.A. v. United Mexican States, an investment-treaty arbitration administered by ICSID (case no. ARB(AF)/00/2), in which a foreign investor brought claims against a state under an investment treaty. In the outcome, Award rendered on May 29, 2003. For a student, it is a worked example of investor-state dispute settlement: how an ICSID tribunal weighs a state's right to regulate against the treaty protections owed to foreign investors.

Summary

Técnicas Medioambientales Tecmed, S.A. v. United Mexican States: an ICSID award (ARB(AF)/00/2). In the outcome, Award rendered on May 29, 2003. The tribunal's full reasoning is set out in the original.

The detail

Parties: Técnicas Medioambientales Tecmed, S.A. v. United Mexican States

Case number: ICSID Case No. ARB(AF)/00/2

Outcome: Mexico liable; about US$5.5m plus interest for refusing to renew a landfill licence.

Quantum: US$5.5m plus interest

Applicable law: Spain-Mexico BIT; ICSID Additional Facility Rules.

Issues in play: A state's genuine power to regulate for the environment and public order against an investor's legitimate expectations of consistent, transparent treatment.

Read the full decision at italaw ↗

Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.

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