June 09, 2025
Mexico has urged the D.C. Circuit to overturn a lower court order instructing it to pay a $47 million arbitral award issued to a Canadian lender after Mexican courts failed to halt a purportedly fraudulent scheme that caused the cancellation of loans for three real estate development projects.
October 26, 2023
A D.C. federal judge appeared unconvinced Thursday that an international arbitration tribunal was correct to second-guess a Mexican court when the tribunal ordered Mexico to pay a Canadian investor $47 million, but she suggested private mediation might be necessary to avoid further prolonging the long-running case.
August 23, 2022
A Mexican businessman at the center of an allegedly fraudulent loan scheme underpinning an international tribunal's $47 million award to a Canadian lender is backing the Mexican government's bid to vacate the award, arguing that the tribunal destroyed his reputation without hearing his side of the story.
March 07, 2022
Mexico is doubling down on its bid to vacate a nearly $50 million award issued to a Canadian lender after an international tribunal ruled that it had been denied justice in Mexican courts, arguing that the tribunal had rejected the "literal reading" of the law in the case.
February 07, 2022
A Canadian lender is fighting Mexico's efforts to set aside a $47 million award the lender won after several real estate loans were canceled as a result of a forgery, saying the country is asking the court to take an "exceedingly narrow" interpretation of the underlying treaty.
December 07, 2021
Mexico will try to vacate a $47 million award issued to a Canadian lender after an international tribunal found that it had been denied justice in the country's courts, arguing in Washington, D.C., that the tribunal "invented" an obligation not contained in the underlying treaty.