2015
Lion v. Mexico Lion Mexico Consolidated L.P. v. United Mexican States (ICSID Case No. ARB(AF)/15/2)
Mexico
Canada
Promissory notes and mortgages over three properties located in Mexico.
Claims arising out of Mexican authorities’ cancellation of promissory notes held by the claimant and mortgages to which the claimant was a beneficiary.
Tertiary: F - Construction
41 - Construction of buildings
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
Fernández-Armesto, J.
Cairns, D. J. A.
Ramírez Hernández, R. (replaced)
Boisson de Chazournes, L.
76.00 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Pending
None
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB%28AF%29/15/2
http://www.iareporter.com/articles/nafta-chapter-11-arbitration-threatened-by-canadian-real-estate-investment-fund-following-soured-loan-transaction-in-mexico/ (requires subscription)
http://www.italaw.com/sites/default/files/case-documents/ITA%20LAW%207036.pdf
http://www.iareporter.com/articles/arbitrators-nix-mexicos-bid-to-dismiss-nafta-case-on-expedited-basis-and-also-decline-to-view-canadian-claimant-as-effectively-american-for-purposes-of-deciding-on-a-neutral-seat/ (requires subscription)
http://globalarbitrationreview.com/article/1078776/mexico-fails-to-knock-out-nafta-claim-early (requires subscription)
https://www.gob.mx/cms/uploads/attachment/file/83873/1_Ficha_tecnica_LMC.pdf
https://www.gob.mx/se/acciones-y-programas/comercio-exterior-solucion-de-controversias
https://www.iareporter.com/articles/arbitrators-agree-to-hear-one-of-mexicos-jurisdictional-objections-on-a-preliminary-basis-but-decline-to-shift-seat-of-nafta-proceedings/ (requires subscription)
http://globalarbitrationreview.com/article/1142164/mexico-gets-early-hearing-on-nafta-objection (requires subscription)
https://globalarbitrationreview.com/article/1172524/nafta-covers-mortgages-but-not-notes-says-tribunal (requires subscription)
https://www.iareporter.com/articles/in-depth-arbitrators-in-lion-v-mexico-case-determine-that-mortgages-fall-under-naftas-investment-chapter-but-promissory-notes-do-not/ (requires subscription)
https://www.transnational-dispute-management.com/downloads/20993_case_report_lion_mexico-mexico_jurisdiction_2018.pdf