Tecmed v. Mexico Técnicas Medioambientales Tecmed v. United Mexican States (ICSID Case No. ARB(AF)/00/2)
Majority shareholding in local investment vehicle which acquired land, buildings and other assets through a bid procedure to operate a hazardous waste landfill in Mexico.
Claims arising out of Mexico's alleged non-renewal of a licence necessary to operate a landfill of hazardous industrial waste.
Tertiary: E - Water supply; sewerage, waste management and remediation activities
38 - Waste collection, treatment and disposal activities; materials recovery
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
Grigera Naón, H. A.
Fernández Rozas, J. C.
Bernal Verea, C.
Aguilar Álvarez, G. (replaced)
Decided in favour of investor
52.00 mln USD
5.50 mln USD
Indirect expropriation

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

Full protection and security, or similar
Indirect expropriation