First Majestic Silver Corp v Mexico - Arbitration - Press Release about Notice of Intent to Submit a Claim under the provisions of Chapter 11 of NAFTA - 13 May 2020
Country
Year
2020
Summary
... Under these circumstances, and in order to formally require the Government of Mexico to address the unlawful and unwarranted conduct of Servicio de Administracion Tributaria (SAT) for which it is responsible under international law, the Company has taken steps to serve the Government of Mexico with a Notice of Intent to Submit a Claim ("Notice") under the provisions of Chapter 11 of North American Free Trade Agreement ("NAFTA"). The service of this Notice by the Company on the Government of Mexico initiates a 90-day process for the Government of Mexico to enter into good faith and amicable negotiations with the Company to resolve the current dispute between the Company and the Government of Mexico. ...