Arbitral Tribunal rejects Claimant’s request for an Additional Award in PACC Offshore Services
This is the second instalment of our discussion and analysis of the investment dispute brought by PACC Offshore Services Holdings LTD against Mexico. Our previous client alert discussed the Award in PACC Offshore Services Holdings LTD v. United Mexican States (ICSID Case No. UNCT/18/5) of 11 January 2022 (the “Award”). This client alert analyses a subsequent Decision in the same case rendered by the Tribunal after the issue of the Award in May 2022.
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The EU Critical Raw Materials Act