Tribunal Clarifies Interest Rate In $37.1M Award Against Mexico

Mealey's ( January 24, 2025, 1:48 PM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) published a tribunal’s decision granting the United Mexican States’ request to clarify the rate of pre- and post-award interest that it intended to apply to a $37.1 million damages award in favor of an American phosphate exploration company for breaches of the North American Free Trade Agreement (NAFTA)....

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