Arbitral Digest

Matter

Bacanora Lithium Limited, Sonora Lithium Ltd., and Ganfeng International Trading (Shanghai) Co. Ltd. v. United Mexican States (ICSID Case No. ARB/24/21)

Case no.
ARB/24/21
Seat
United States
Applicable rules
ICSID Arbitration Rules in force as of July 1, 2022
  1. 28 March 2025United States

    28 March 2025United States

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal established the procedural rules governing the arbitration, confirmed the constitution and declarations of the Tribunal, addressed representation and costs, fixed Washington, D.C. as the place of the proceeding, and set English and Spanish as the procedural languages.

    Supporting details

    1 authority · 9 participants
    Bacanora Lithium Limited
    Sonora Lithium Ltd.
    Ganfeng International Trading (Shanghai) Co. Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Pierre Mayer
    Tribunal secretary
    Gabriela Gonzalez Giraldez
    Tribunal secretary
    Sofia Klot

    Authorities cited

    1
    • Convention on the Settlement of Investment Disputes between States and Nationals of other States
      treaty

    11 days later · 11 days

  2. 8 April 2025United States

    8 April 2025United States

    Procedural Order No. 2

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal ordered the transparency and confidentiality framework for the arbitration, including publication of the Award, orders, and decisions subject to the procedures and redactions set out in the Order.

    Supporting details

    3 authorities · 3 participants
    Bacanora Lithium Limited
    United Mexican States
    International Centre for Settlement of Investment Disputes

    Authorities cited

    3
    • Convention on the Settlement of Investment Disputes between States and Nationals of other States
      treaty
    • Agreement Between the Government of the United Mexican States and the Government of the United Kingdom of Great Britain and Northern Ireland for the Promotion and Reciprocal Protection of Investments
      treaty
    • Agreement Between the Government of the United Mexican States and the Government of the People's Republic of China on the Promotion and Reciprocal Protection of Investments
      treaty

    4 months and 17 days later · 139 days

  3. 25 August 2025United States

    25 August 2025United States

    Revised Procedural Order No. 3

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected the Respondent's request for bifurcation in its entirety, directed that the proceedings follow Scenario 2 of the Procedural Timetable, invited the Parties to agree the outstanding deadlines and hearing dates, deferred costs, and dismissed all other requests.

    Supporting details

    3 authorities · 5 participants
    Bacanora Lithium Limited
    Sonora Lithium Ltd.
    Ganfeng International Trading (Shanghai) Co. Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

    Authorities cited

    3
    • Convention on the Settlement of Investment Disputes between States and Nationals of other States
      treaty
    • Agreement Between the Government of the United Mexican States and the Government of the United Kingdom of Great Britain and Northern Ireland for the Promotion and Reciprocal Protection of Investments
      treaty
    • Agreement Between the Government of the United Mexican States and the Government of the People's Republic of China on the Promotion and Reciprocal Protection of Investments
      treaty

    2 months and 2 days later · 63 days

  4. 27 October 2025United States

    27 October 2025United States

    Procedural Order No. 4

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected the Respondent's request to suspend the arbitration in its entirety, ordered the Parties to comply with Scenario 2 of the Procedural Timetable, instructed them to resume discussions on outstanding deadlines and hearing dates, and dismissed all other requests.

    Supporting details

    1 authority · 5 participants
    Bacanora Lithium Limited
    United Mexican States
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Pierre Mayer

    Authorities cited

    1
    • Agreement Between the Government of the United Mexican States and the Government of the United Kingdom of Great Britain and Northern Ireland for the Promotion and Reciprocal Protection of Investments
      treaty

    1 month and 14 days later · 45 days

  5. 11 December 2025United States

    11 December 2025United States

    Procedural Order No. 5

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal ordered the Parties to comply with Scenario 2 of the Procedural Timetable, declined to revisit its decision rejecting the Respondent's request for suspension absent a qualifying change of circumstances, directed the Parties to negotiate and submit proposed dates including hearing dates, and dismissed all other requests.

    Supporting details

    1 authority · 5 participants
    Bacanora Lithium Limited
    United Mexican States
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Pierre Mayer

    Authorities cited

    1
    • Agreement Between the Government of the United Mexican States and the Government of the United Kingdom of Great Britain and Northern Ireland for the Promotion and Reciprocal Protection of Investments
      treaty

Matter record

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Bacanora Lithium Limited, Sonora Lithium Ltd., and Ganfeng International Trading (Shanghai) Co. Ltd. v. United Mexican States (ICSID Case No. ARB/24/21) · Matter