Goldgroup Resources Inc v Mexico - ICSID Case No. ARB/23/4 - Goldgroup Announces Filing of Request for Arbitration With the International Centre for Settlement of Investment Disputes - Press release - 6 March 2023
The Company has been engaged in a legal dispute with DynaResource, Inc. in the Mexican courts regarding its subsidiary's investment in DynaResource de Mexico, S.A. de C.V. The litigations have lasted for ten years, without relief. The treatment and inaction by the Mexican courts have resulted in a judicial expropriation of its subsidiary's investment in DynaResource de Mexico, S.A. de C.V. and a denial of justice in breach of Mexico's obligations under the North American Trade Agreement ("NAFTA"). The Company, through its subsidiary, is seeking damages as a result of Mexico's breaches of NAFTA.