Técnicas Medioambientales Tecmed, S.A. v. United Mexican States (ICSID Case No. ARB(AF)/00/2)

Procedural record

1. 29 May 2003Arbitration

   29 May 2003Arbitration

   Award dated 29 May 2003

   International Centre for Settlement of Investment Disputes

   Decision summary

   The Tribunal found that the Respondent breached Articles 4(1) and 5(1) of the Agreement. It ordered the Respondent to pay the Claimant US$5,533,017.12 plus compound interest at 6% per year from 25 November 1998 until effective and full payment, and ordered the Claimant, after payment, to transfer the Landfill assets to the Respondent or its nominee. Each party was ordered to bear its own costs, expenses, and legal counsel fees, with tribunal and ICSID costs shared equally.

   Participants

   Tecnicas Medioambientales TECMED S.A.

   Representative

   Juan Carlos Calvo Corbella (For: Tecnicas Medioambientales TECMED S.A.)

   Representative

   Mercedes Fernandez (For: Tecnicas Medioambientales TECMED S.A.)

   Representative

   Juan Ignacio Tena Garcia (For: Tecnicas Medioambientales TECMED S.A.)

   Representative

   Jones, Day, Reavis & Pogue abogados (For: Tecnicas Medioambientales TECMED S.A.)

   Expert

   Jesus M. Perez de Vega (For: Tecnicas Medioambientales TECMED S.A.)

   United Mexican States

   Representative

   Hugo Perezcano Diaz (For: United Mexican States)

   Representative

   Cameron Mowatt (For: United Mexican States)

   Representative

   Stephen Becker (For: United Mexican States)

   Representative

   Sanjay Mullick (For: United Mexican States)

   Representative

   Christopher Thomas (For: United Mexican States)

   Expert

   Lars Christianson (For: United Mexican States)

   Expert

   Alfonso Camacho Gomez (For: United Mexican States)

   Expert

   Cristina Cortinas de Nava (For: United Mexican States)

   Expert

   Jorge Sanchez Gomez (For: United Mexican States)

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Horacio A. Grigera Naon

   Arbitrator

   Jose Carlos Fernandez Rozas

   Arbitrator

   Carlos Bernal Verea

   Tribunal secretary

   Gabriela Alvarez Avila

   Other

   Witness

   Jose Luis Calderon Bartheneuf

   Witness

   Javier Polanco Gomez Lavin

   Witness

   Enrique Diez Canedo Ruiz

   Witness

   Jose Maria Zapatero Vaquero

   Witness

   Luis R. Vera Morales

   Witness

   Jose Visoso Lomelin

   Authorities cited

   9

   • Mexican Federal Law on Expropriation
     statute
   • Metalclad Corporation v. United Mexican States (ICSID Case No. ARB(AF)/97/1, Award dated 30 August 2000)
     case law
   • Mondev International Ltd v. United States of America (ICSID Case No. ARB(AF)/99/2, Award dated 11 October 2002)
     case law
   • Matos e Silva, Lda. and Others v. Portugal (European Court of Human Rights, judgment dated 16 September 1996)
     case law
   • Elettronica Sicula S.p.A. (ELSI) (United States v. Italy) (International Court of Justice, ICJ Reports, 1989, p. 73)
     case law
   • James and Others v. the United Kingdom (European Court of Human Rights, judgment dated 21 February 1986)
     case law
   • Mellacher and Others v. Austria (European Court of Human Rights, judgment dated 19 December 1989)
     case law
   • Pressos Compania Naviera S.A. and Others v. Belgium (European Court of Human Rights, judgment dated 20 November 1995)
     case law
   • Ivcher Bronstein v. Peru (Inter-American Court of Human Rights, judgment dated 6 February 2001)
     case law