Arbitral Digest

Matter

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

Case no.
ARB(AF)/00/2
Applicable rules
ICSID Arbitration (Additional Facility) Rules
  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.

    Supporting details

    9 authorities · 26 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
    Tribunal secretary
    Gabriela Alvarez Avila
    Other

    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

Matter record

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