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UNCITRAL tribunal found Mexico’s seizure order against Singaporean company arbitrary, unfair and unjust (PACC Offshore Services Holdings v Mexico)

Published on: 16 May 2022
Published by: Law360
  • UNCITRAL tribunal found Mexico’s seizure order against Singaporean company arbitrary, unfair and unjust (PACC Offshore Services Holdings v Mexico)
  • What did the tribunal decide?

Article summary

Law360: Mexico's decision to seize vessels owned by a Singaporean offshore marine services company that were tied to a Mexican oil engineering firm accused of money laundering, forgery and other wrongdoing was 'arbitrary, grossly unfair and unjust' and in breach of the applicable fair and equitable treatment standard, according to a United Nations Commission on International Trade Law (UNCITRAL) tribunal, whose award was made public on 10 May 2022. The arbitration was conducted under the UNCITRAL Arbitration Rules (2010) and administered by the International Centre for Settlement of Investment Disputes (ICSID). or take a trial to read the full analysis.

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