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2009
Abengoa v. Mexico Abengoa, S.A. y COFIDES, S.A. v. United Mexican States (ICSID Case No. ARB(AF)/09/2)
Applicable IIA
Nationality of the parties
Mexico
Spain
Summary of matters at issue
Construction of a hazardous waste landfill and treatment plant under authorizations and permits granted to claimants' investment vehicle company by a Mexican municipality.
Claims arising out of the stalled opening of a hazardous waste landfill and treatment plant built by the claimants in the Mexican state of Hidalgo, due to several alleged acts by the municipality of Zimapán and certain federal authorities, including Mexico's Ministry of the Environment and Natural Resources and the Ministry of the Interior.
Economic sector and subsector
Tertiary: E - Water supply; sewerage, waste management and remediation activities
38 - Waste collection, treatment and disposal activities; materials recovery
Arbitral rules and administering institution
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Mourre, A.
Fernández-Armesto, J.
Siqueiros, E.
Status/Outcome of original proceedings
Decided in favour of investor
Decisions rendered
Amount of compensation
846.40 mln MXN (70.00 mln USD)
491.80 mln MXN (40.30 mln USD)
IIA breaches alleged/found
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Follow-on proceedings
None
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