Arbitral Digest

Matter

Espíritu Santo Holdings, LP and L1bre Holding, LLC v. United Mexican States (ICSID Case No. ARB/20/13)

Case no.
ARB/20/13
Applicable rules
ICSID Arbitration Rules
  1. 26 March 2026Arbitration

    26 March 2026Arbitration

    Award of the Tribunal

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected all claims under NAFTA Articles 1102, 1105, and 1110. The Claimants must bear 60 percent of the arbitration costs, each party must bear its own legal fees and other expenses, and the Tribunal ordered the Claimants to pay the Respondent USD 124,778.68 for the difference in allocated arbitration costs.

    Supporting details

    15 participants
    Espíritu Santo Holdings, LP
    Representative
    Richard C. Lorenzo (For: Espíritu Santo Holdings, LP)
    Representative
    Mark R. Cheskin (For: Espíritu Santo Holdings, LP)
    Representative
    Nigel Blackaby (For: Espíritu Santo Holdings, LP)
    Representative
    Lee Rovinescu (For: Espíritu Santo Holdings, LP)
    L1bre Holding, LLC
    United Mexican States
    Representative
    Alan Bonfiglio Ríos (For: United Mexican States)
    Representative
    Rosalinda Toxqui Tlaxcalteca (For: United Mexican States)
    Representative
    Pamela Hernández Mendoza (For: United Mexican States)
    Representative
    Stephan E. Becker (For: United Mexican States)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Charles Poncet
    Tribunal secretary
    Patricia Rodríguez Martín

Matter record

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Espíritu Santo Holdings, LP and L1bre Holding, LLC v. United Mexican States (ICSID Case No. ARB/20/13) · Matter