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Year the case was initiated2000
Year the award was rendered2003
Country involvedMexico
Home country of the investorSpain
Parties to the disputeTecnicas Medioambientales Tecmed v. United Mexican States (ICSID Case No ARB(AF)/00/2)
Sector3
Type of investmentwaste disposal business
Nature of dispute / claim
Legal instrumentMexico-Spain BIT
Rules / VenuesICSID AF
Amount sought by investorUS$ 52 million plus interest
Amount awarded / status of disputeUS$ 5,533,017.12 awarded plus compound interest at an annual rate of 6%, commencing on 25 November 1998 until payment
ArbitratorsHoracio A. Grigera Naon (Chair); José Carlos Fernandez Rozas; Carlos Bernal Verea
Decisions renderedAward issued on 29 May 2003
Statusawarded in favor of the investor
Linkshttp://www.worldbank.org/icsid/cases/laudo-051903%20-English.pdf
Commentary (if any)
Special features