Case Details

First Majestic Silver Corp. v. United Mexican States (ICSID Case No. ARB/21/14)

Subject of Dispute:

Mining
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

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):

First Majestic Silver Corp. (Canadian)
Respondent(s):

United Mexican States (Mexican)
Date Registered:

March 31, 2021
Date of Constitution of Tribunal:

August 20, 2021

Composition of Tribunal

President:

Giorgio SACERDOTI (Italian) - Appointed by the Parties
Arbitrators:

Stanimir A. ALEXANDROV (Bulgarian) - Appointed by the Claimant(s)
Yves DERAINS (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

First Majestic Silver Corp.
Arent Fox
Respondent(s):

Dirección General de Consultoría Jurídica de Comercio Internacional Secretaría de Economía
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:

May 26, 2023 - The Tribunal issues a decision on provisional measures.

No References Available.

(a) Original Proceeding

Date	Development
March 31, 2021	The Secretary-General registers a request for the institution of arbitration proceedings.
April 8, 2021	Following appointment by the Claimant, Stanimir A. Alexandrov (Bulgarian) accepts his appointment as arbitrator.
June 7, 2021	Following appointment by the Respondent, Yves Derains (French) accepts his appointment as arbitrator.
August 20, 2021	Following appointment by agreement of the parties, Giorgio Sacerdoti (Italian) accepts his appointment as presiding arbitrator.
August 20, 2021	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Giorgio Sacerdoti (Italian), President, appointed by agreement of the parties; Stanimir A. Alexandrov (Bulgarian), appointed by the Claimant; and Yves Derains (French), appointed by the Respondent.
October 21, 2021	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
April 25, 2022	The Claimant files a memorial on the merits.
May 27, 2022	The Tribunal issues Procedural Order No. 2 concerning procedural matters.
November 25, 2022	The Respondent files a counter-memorial on the merits.
January 4, 2023	The Claimant files a request for provisional measures.
February 6, 2023	The Tribunal issues Procedural Order No. 3 concerning the confidentiality of documents.
February 10, 2023	The Respondent files observations on the Claimant’s request for provisional measures.
March 9, 2023	The Tribunal issues Procedural Order No. 4 concerning the organization of the hearing.
March 13, 2023	The Tribunal holds a hearing on provisional measures by video conference.
May 26, 2023	The Tribunal issues a decision on provisional measures.