Matter
Archer Daniels Midland Company and Tate & Lyle Ingredients Americas, Inc. v. United Mexican States (ICSID Case No. ARB(AF)/04/5)
- 20 May 2005Arbitration
20 May 2005Arbitration
Order of the Consolidation Tribunal dated 20 May 2005
International Centre for Settlement of Investment Disputes
- Decision summary
- The Consolidation Tribunal rejected Mexico's request to consolidate the claims brought by Corn Products International, Inc. and by Archer Daniels Midland Company and Tate & Lyle Ingredients Americas, Inc. Each party was ordered to bear its own costs and attorneys' fees; Mexico was ordered to bear 50% of the tribunal members' fees and expenses and ICSID expenses, with the remaining 50% divided equally between the Corn Products and Archer Daniels Midland and Tate & Lyle claims.
Supporting details
1 authority · 12 participantsCorn Products International, Inc.
Archer Daniels Midland Company
- Representative
- Akin Gump Strauss Hauer & Feld (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
- Representative
- Sidley Austin Brown & Wood (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
Tate & Lyle Ingredients Americas, Inc.
- Representative
- Akin Gump Strauss Hauer & Feld (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
- Representative
- Sidley Austin Brown & Wood (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
United Mexican States
- Representative
- Pillsbury Winthrop Shaw Pittman (For: United Mexican States)
- Representative
- Secretariat of Economy of Mexico (For: United Mexican States)
- Representative
- Thomas & Partners (For: United Mexican States)
International Centre for Settlement of Investment Disputes
- Arbitrator
- Bernardo M. Cremades
- Arbitrator
- Arthur W. Rovine
- Arbitrator
- Eduardo Siqueiros
2 years, 6 months and 1 day later · 915 days
- 21 November 2007Arbitration
21 November 2007Arbitration
Award dated 21 November 2007
International Centre for Settlement of Investment Disputes
- Decision summary
- The Arbitral Tribunal found that Mexico breached NAFTA Articles 1102 and 1106 in relation to the claimants' investment in Mexico, but did not breach Article 1110. It held that the Tax was not a valid countermeasure, denied Mexico's request for suspension, and ordered Mexico to pay US$33,510,091 in principal plus simple interest calculated monthly at the U.S. Treasury bill rate until payment. It denied the remaining compensation claims and allocated costs and tribunal and Secretariat expenses as stated in the award.
Supporting details
9 authorities · 13 participantsArcher Daniels Midland Company
- Representative
- Akin Gump Strauss Hauer & Feld (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
- Representative
- Sidley Austin Brown & Wood (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
Tate & Lyle Ingredients Americas, Inc.
- Representative
- Akin Gump Strauss Hauer & Feld (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
- Representative
- Sidley Austin Brown & Wood (For: Archer Daniels Midland Company · Tate & Lyle Ingredients Americas, Inc.)
Almidones Mexicanos S.A. de C.V.
United Mexican States
- Representative
- Pillsbury Winthrop Shaw Pittman (For: United Mexican States)
- Representative
- Secretariat of Economy of Mexico (For: United Mexican States)
- Representative
- Thomas & Partners (For: United Mexican States)
International Centre for Settlement of Investment Disputes
- Arbitrator
- Bernardo M. Cremades
- Arbitrator
- Arthur W. Rovine
- Arbitrator
- Eduardo Siqueiros
- Tribunal secretary
- Gonzalo Flores
7 months and 19 days later · 232 days
- 10 July 2008Arbitration
10 July 2008Arbitration
Decision on the parties' requests for a supplementary decision, interpretation and correction dated 10 July 2008
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued a decision on the parties' requests for a supplementary decision, interpretation and correction of the award.
Supporting details
International Centre for Settlement of Investment Disputes