Mexico avoids $219 million claim after winning international arbitration
World1 source1 country🔦 Under-reported31m ago
Mexico has secured a significant legal victory in international arbitration, successfully avoiding a financial claim exceeding 219 million dollars. The International Centre for Settlement of Investment Disputes (ICSID) unanimously dismissed the multimillion-dollar claim brought against the country.
The arbitration case was initiated by the United States-based investment funds Cyrus Capital Partners, L.P. and Contrarian Capital Management, L.L.C. With the tribunal's unanimous decision, Mexico is entirely cleared from the pending financial liability sought by the American entities.
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Infobae (Buenos Aires, Argentina) (AR): México evita reclamación de 219 millones de dólares tras obtener victoria en arbitraje internacionalFocuses broadly on Mexico avoiding the claim through a legal victory.
Infobae (Buenos Aires, Argentina) (AR): México gana arbitraje internacional y evita pagar 219 millones de dólares a fondos de EEUUEmphasizes the defeat of US funds and the unanimous ICSID ruling.
Newz