Matter

Gemplus, S.A., SLP, S.A. and Gemplus Industrial, S.A. de C.V. v. United Mexican States (ICSID Case No. ARB(AF)/04/3)

Case no.: ARB(AF)/04/3
Applicable rules: ICSID Additional Facility Rules

16 June 2010Arbitration
16 June 2010Arbitration
Award in Gemplus, S.A., SLP, S.A. and Gemplus Industrial, S.A. de C.V. v. United Mexican States dated 16 June 2010
International Centre for Settlement of Investment Disputes
Decision summary
The Tribunal rejected the jurisdictional challenge and assumed jurisdiction over the merits of claims brought under the France-Mexico and Argentina-Mexico bilateral investment treaties. It found breaches of fair and equitable treatment and unlawful expropriation, awarded compensation and compound interest to Gemplus S.A. and Talsud S.A., awarded arbitration costs to the claimants, ordered Mexico to bear the remaining arbitration costs, and dismissed the remaining claims.
Supporting details
18 authorities · 12 participants
Gemplus Industrial, S.A. de C.V.
Representative
Baker & Mackenzie (For: Gemplus Industrial, S.A. de C.V. · Gemplus, S.A. · SLP, S.A.)
Representative
Philippe Sands (For: Gemplus Industrial, S.A. de C.V. · Gemplus, S.A. · SLP, S.A.)
Gemplus, S.A.
Representative
Baker & Mackenzie (For: Gemplus Industrial, S.A. de C.V. · Gemplus, S.A. · SLP, S.A.)
Representative
Philippe Sands (For: Gemplus Industrial, S.A. de C.V. · Gemplus, S.A. · SLP, S.A.)
SLP, S.A.
Representative
Baker & Mackenzie (For: Gemplus Industrial, S.A. de C.V. · Gemplus, S.A. · SLP, S.A.)
Representative
Philippe Sands (For: Gemplus Industrial, S.A. de C.V. · Gemplus, S.A. · SLP, S.A.)
United Mexican States
Representative
Pillsbury Winthrop Shaw Pittman (For: United Mexican States)
Representative
Secretaría de Economía (For: United Mexican States)
Representative
Thomas & Partners (For: United Mexican States)
International Centre for Settlement of Investment Disputes
Arbitrator
V. V. Veeder
Arbitrator
L. Yves Fortier
Arbitrator
Eduardo Magallón Gómez
Authorities cited
18
- Agreement between France and Mexico on the Reciprocal Promotion and Protection of Investments (1998 France-Mexico BIT)
  statute
- Agreement between Argentina and Mexico on the Reciprocal Promotion and Protection of Investments (1996 Argentina-Mexico BIT)
  statute
- International Law Commission Articles on State Responsibility (International Law Commission Articles on Responsibility of States for Internationally Wrongful Acts)
  academic
- UNIDROIT Principles of International Commercial Contracts (UNIDROIT Principles, Article 7.4.3)
  academic
- Case Concerning the Factory at Chorzow (1927 PCIJ, Series A, No. 9; 1928 PCIJ, Series A, No. 17)
  case-law
- Waste Management, Inc. v. United Mexican States (ICSID Case No. ARB(AF)/00/3, Award of 30 April 2004)
  case-law
- Metalclad Corporation v. United States of Mexico (ICSID Case No. ARB(AF)/97/1, Award of 30 August 2000)
  case-law
- Tecnicas Medioambientales Tecmed S.A. v. United Mexican States (ICSID Case No. ARB(AF)/00/2, Award of 29 May 2003)
  case-law
- Compania del Desarrollo de Santa Elena, S.A. v. The Republic of Costa Rica (ICSID Case No. ARB/96/1, Award of 17 February 2000)
  case-law
- Sapphire International Petroleums, Ltd. v. National Iranian Oil Company (35 ILR 136 (1963))
  case-law
- Chaplin v Hicks ([1911] 2 KB 786)
  case-law
- ADC Affiliate Limited and ADC & ADMC Management Limited v. Republic of Hungary (ICSID Case No. ARB/03/16, Award of 2 October 2006)
  case-law
- Azinian v. United Mexican States (ICSID Case No. ARB(AF)/97/2, Award of 1 November 1999)
  case-law
- International Thunderbird Gaming Corporation v. United States of Mexico (UNCITRAL (NAFTA), Award of 26 January 2006)
  case-law
- Damages in International Investment Law (Ripinsky & Williams, BIICL, 2008)
  academic
- Valuation for Arbitration: Compensation Standards, Valuation Methods and Expert Evidence (Kantor, Kluwer, 2008)
  academic
- Burden of Proof and Related Issues (Kazazi, Kluwer, 1996)
  academic
- Damages (McGregor, 18th edition, 2009)
  academic
Award record

Gemplus Industrial, S.A. de C.V.

Gemplus, S.A.

SLP, S.A.

United Mexican States

International Centre for Settlement of Investment Disputes