Legal News

Canada—investor fails to set aside NATFA award (Nelson v Mexico)

Published on: 24 February 2022
Published by: Law360
  • Canada—investor fails to set aside NATFA award (Nelson v Mexico)
  • What did the court decide?

Article summary

Law360: An American businessman failed to convince the Ontario’s Superior Court of Justice to revive his North American Free Trade Agreement (NAFTA) half-billion-dollar claim against Mexico for allegedly 'eviscerating' his investment in the state's telecommunications market after the arbitral tribunal rejected his claims in an award issued in July 2020. The court dismissed the application to set aside the tribunal's award, which was made under Article 34(2)(a)(ii) of the United Nations Commission on International Trade Law (UNCITRAL) Model Law on International Commercial Arbitration, as modified by the International Commercial Arbitration Act 2017. The arbitration was conducted pursuant to the 1976 UNCITRAL Arbitration Rules and administered by the International Centre for Settlement of Investment Disputes (ICSID). or take a trial to read the full analysis.

Popular documents