Article
Arbitration in Mexico – The Rise in Mexico’s Energy Disputes: A Focus on Oil and Gas Cases
07/11/2024
Published in Wolters Kluwer
Mexico has seen a boom of energy—related to arbitration cases—due to a reverse opening of markets and industries. The stakeholders have been directly attacked by President Lopez Obrador’s administration since 2018, through the enactment of policies, regulations and statutes, and the arbitrary decisions made in specific cases, that prevent private investors from obtaining the benefits of their millionaire ventures in Mexico. These factors have challenged the status of the Rule of Law in Mexico. As reported by the International Chamber of Commerce, in 2021 Mexico became the fifth most sued country by foreign investors. The fossil-fuel reliance of Mexico makes this industry especially relevant for local growth, foreign investment attraction and, hence, new, and other potential arbitration cases.
This chapter was written in external collaboration with Diana María Pineda Esteban.
Chapter originally published in the book Arbitration in Mexico by Wolters Kluwer.