Odyssey v. Mexico Odyssey Marine Exploration, Inc. v. United Mexican States (ICSID Case No. UNCT/20/1)
United States of America
Seabed mining concession for a phosphate deposit in the Pacific Ocean held by Exploraciones Oceánicas S. de R.L. de C.V., a local subsidiary of the claimant.
Claims arising out of the decision by Mexico’s Ministry of the Environment and Natural Resources to deny environmental permits for the claimant’s seabed mining project in the local subsidiary’s concession area, offshore from the coast of Baja California Sur in Mexico. Allegedly, the Ministry’s decision disregarded scientific evidence provided by the claimant in the project development plan and environmental impact assessment.
Primary: B - Mining and quarrying
8 - Other mining and quarrying
ICSID (International Centre for Settlement of Investment Disputes)
Bulnes Serrano, F.
Alexandrov, S. A.
Sands, P.
3540.00 mln USD
Data not available
National treatment

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

Full protection and security, or similar

Indirect expropriation