Jurisdiction Up First In $70M Mexico Hotel Seizure Dispute
Law360 (September 23, 2020, 5:34 PM EDT) -- An international tribunal will consider as an initial matter whether it has jurisdiction over a $70 million arbitration against Mexico over seized hotel properties that involves claims by six investors with different nationalities under four different treaties.
Siding with Mexico, the International Centre for Settlement of Investment Disputes tribunal concluded in an Aug. 13 order made public Tuesday that it made the most sense to rule on the country's initial objections before getting to the merits of the dispute, in which the investors accuse Mexico of violating international law by improperly seizing their hotels in 2016.
Mexico has raised several jurisdictional...
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