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.