According to the Ministry of Economy, from 1997 to 2022, 23 lawsuits were concluded against Mexico, where more than 3.362 million dollars were claimed as compensation, within the framework of NAFTA and various investment agreements.
The experience with investor-state dispute settlement mechanisms has been mixed, with India facing several adverse awards and financial compensation in certain high-profile cases.
US private equity firm Lone Star Funds has filed an application to cancel an international tribunal’s ruling that South Korea pay over 200 million US dollars in compensation.
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
ICSID Tribunal unanimously ordered Tanzania to pay more than US$109.5million plus costs for the unlawful expropriation of the Ntaka Hill Nickel Project (India).
On 27 July 2023, the German Federal Court of Justice (German FCJ) declared three intra-EU investor-State ICSID arbitrations inadmissible under German arbitration law given their incompatibility with EU law.
Energy companies cannot force European governments into arbitration over compensation demands for investments hit by changing state climate goals, Germany’s highest civil court ruled.