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2004
Corn Products v. Mexico Corn Products International, Inc. v. United Mexican States (ICSID Case No. ARB(AF)/04/1)
Applicable IIA
Nationality of the parties
Mexico
United States of America
Summary of matters at issue
Wholly-owned subsidiary engaged in the large scale production of high fructose corn syrup industry in Mexico.
Claims arising out of Mexico's 2002 adoption of a tax on high fructose corn syrup allegedly aimed at protecting Mexico's domestic sugar producers and excluding high fructose corn syrup from the soft drink sweetener market.
Economic sector and subsector
Secondary: C - Manufacturing
10 - Manufacture of food products
Arbitral rules and administering institution
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Greenwood, C.
Lowenfeld, A. F.
Serrano de la Vega, J.
Tron, M. (replaced)
Status/Outcome of original proceedings
Decided in favour of investor
Amount of compensation
325.00 mln USD
58.00 mln USD
IIA breaches alleged/found
Indirect expropriation

National treatment

Performance requirements
National treatment
Follow-on proceedings
None
Link to Italaw's case page