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Ruling is without prejudice of parties’ rights to seek future provisional measures
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Tribunal fails to find any real or imminent risk of irreparable prejudice and rejects claim for provisional measures
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Tribunal finds that rights asserted by Luxembourg are plausible
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Exhaustion of local remedies argument is deferred to later stage
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Exchange of views between parties satisfies negotiation requirement
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Tribunal finds that, prima facie, a dispute concerning the interpretation of UNCLOS exists between the parties
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Background: Dispute over seizure of Luxembourgish dredger vessel and subsequent application of import taxes leads to cases before Mexican domestic courts and ITLOS
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Sustainable development and CSR also emphasized
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Sole arbitrator option made easier for small and medium enterprises
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Transparency Rules endorsed
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Tribunals expressly given powers that are rarely regulated in older generation of treaties
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Arbitrator code of conduct annexed to model treaty
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Investor-state arbitration offered (for now), but with tribunals seemingly barred from ruling on non-treaty claims
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No drastic changes of substantive protection
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Protected investments circumscribed in different ways
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