Article
Mexico loses arbitration case involving Spanish company
The World Bank's International Center for the Settlement of Investment Disputes has handed down a ruling against the Mexican government in a case involving Befesa, a unit of Spanish industrial company Abengoa... The arbitration panel found that the Mexican government prevented Befesa from operating a hazardous materials dump it built in Zimapan, a city in central Mexico…The Spanish investors obtained permits from the Environment Secretariat and local authorities, but officials later refused to honor the permits amid protests from residents. [Also refers to Cofides]