Waste Management Inc. v. United Mexican States (No. 2)

Abstract

NAFTA — Chapter 11 — Investor — Status of Claimant as investor — Party Investor owning or controlling an investment in a holding company registered in a non-Party State — Relevance — Whether Party Investor protected under Chapter 11

NAFTA — Chapter 11 — Article 1105 — Minimum standard of treatment — Whether Claimant’s investment rendered valueless — Standard of review — Whether Mexico violating Article 1105 — Sufficiency of evidence — Whether breach of contract rising to level of NAFTA violation — Mexico’s financial crisis — Whether failure to pay motivated by prejudice — Whether Mexican proceedings amounting to denial of justice

NAFTA — Chapter 11 — Article 1110 — Expropriation — Direct or indirect — Non-performance of a contractual obligation — Normal commercial risks — Whether Mexico violating Article 1110

Costs — Costs and expenses — Discretion of Tribunal — Outcome of proceedings — Other relevant factors