ICSID - International Centre for Settlement of Investment Disputes

10/28/2024 | Press release | Archived content

Memorial of Consolidation

First Majestic Silver Corp. v. United Mexican States (ICSID Case No. ARB/23/28)

  • Subject of Dispute:
    Mining
  • Economic Sector:
    Oil, Gas & Mining
  • Instrument(s) Invoked: (i)
    NAFTA (North American Free Trade Agreement), USMCA (United States-Mexico-Canada Agreement)
  • Applicable Rules:
    ICSID Convention - Arbitration Rules

(a) Original Proceeding

  • Claimant(s)/Nationality(ies): (i)
    First Majestic Silver Corp. (Canadian)
  • Respondent(s):
    United Mexican States (Mexican)
  • Date Registered:
    July 21, 2023

  • Party Representatives

  • Claimant(s):
    ArentFox Schiff New York, NY, U.S.A. and Washington, D.C., U.S.A.
  • Respondent(s):
    Dirección General de Consultoría Jurídica de Comercio Internacional, Secretaría de Economía, Mexico City, Mexico
    Tereposky & DeRose, Ontario, Canada Pillsbury Winthrop Shaw Pittman, Washington, D.C., U.S.A
  • Status of Proceeding:
    Pending
  • Latest Development:
    July 16, 2024 - The proceeding is stayed in accordance with NAFTA Article 1126(9).

(b) Consolidation Proceeding

  • Date Registered:
    February 12, 2024
  • Date of Constitution of Tribunal:
    May 8, 2024

  • Party Representatives

  • Claimant(s):
    ArentFox Schiff New York, NY, U.S.A. and Washington, D.C., U.S.A.
  • Respondent(s):
    Dirección General de Consultoría Jurídica de Comercio Internacional, Secretaría de Economía, Mexico City, Mexico
    Tereposky & DeRose, Ontario, Canada
    Pillsbury Winthrop Shaw Pittman, Washington, D.C., U.S.A.
  • Language(s) of Proceeding:
    English,Spanish
  • Status of Proceeding:
    Pending
  • Latest Development:
    October 7, 2024 - The Respondent files a memorial on consolidation.

(a) Consolidation Proceeding

Published Decisions

Respondent's Consolidation Request

Procedural Order No. 1

Procedural Order No. 1 - Annex B

Procedural Order No. 2

Memorial of Consolidation

Available on the ICSID Website

Respondent's Consolidation Request (February 12, 2024) English (Original); Spanish (Original)

Procedural Order No. 1 (August 5, 2024) English (Original)

Procedural Order No. 1 - Annex B (August 5, 2024) English (Original)

Procedural Order No. 2 (August 29, 2024) English (Original)

Memorial of Consolidation (October 7, 2024) English (Original); Spanish (Original)

(a) Original Proceeding

Date Development
July 21, 2023

The Acting Secretary-General registers a request for the institution of arbitration proceedings.

October 24, 2023

Following appointment by the Claimant, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator.

March 4, 2024

Following appointment by the Respondent, Toby Landau (British) accepts his appointment as arbitrator.

July 16, 2024

The proceeding is stayed in accordance with NAFTA Article 1126(9).

(b) Consolidation Proceeding

Date Development
February 12, 2024

The Respondent files a request for consolidation pursuant to NAFTA Article 1126.

May 8, 2024

A Consolidation Tribunal is established in accordance with NAFTA Article 1126. Its members are: Albert Jan van den Berg (Dutch), President; Tina M. Cicchetti (Canadian/Italian); and Christian Vidal-León (Mexican/Spanish).

July 16, 2024

The Tribunal holds a first session by video conference.

August 5, 2024

The Tribunal issues Procedural Order No. 1 concerning procedural matters.

August 29, 2024

The Tribunal issues Procedural Order No. 2 concerning procedural matters.

October 7, 2024

The Respondent files a memorial on consolidation.