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Customs decisions were not arbitrary
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Customs decisions did not lack due process
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Customs decisions are consistent with local and international law
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Waste Management II standard reflects customary international law
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No need to prove specific prohibition against impugned conduct under customary international law
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Investment was not in like circumstances as comparators
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Alleged discrimination against the investor (as opposed to the investment) are irrelevant
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Discrimination claim is limited by the scope of the Joint Venture Agreement
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Limitation period argument is linked to the merits, and ultimately deemed moot
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Vento controlled the Joint Venture
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Vento is a US-based entity, owned and controlled by a US national
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Claimant fails to prove that loans were actually paid
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Non-corporate joint venture qualifies as investment under NAFTA
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RFA was properly authorized
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Mexico failed to prove that Vento lacked the capacity to deliver a NOD while it was a forfeited corporation under Texas law
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Tribunal clarifies the respective roles of the arbitrators and ICSID’s Secretary-General
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Background: Long-running dispute over right to preferential NAFTA customs tariffs leads to treaty-based arbitration
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According to the dissenter, claimant lost opportunity to ask for environmental permits to carry out mining project
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Costs are split, resulting in costs order for respondent, who failed to advance costs
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No need to review exception for environmental measures, given finding on MST
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No expropriation absent vested mining rights, and absent the “rare circumstances” – such as breach of a commitment – required by the treaty
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Failure to prevent artisanal, small-scale mining is no proof of discrimination
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Striking balanced policy can be complex, and state cannot be faulted for adopting solution that is detrimental to the claimant, as long as it pursues a legitimate purpose
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No breach of transparency in back and forth on delimitation of environmentally-protected area
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