Cyrus Capital Partners L.P. and Contrarian Capital Management LLC v United Mexican States - ICSID Case No. ARB/23/33 - Procedural Order No 8 - Claimants' Request for a Suspension of the Proceeding - English - 5 November 2025
Country
Year
2025
Summary
Source: icsid.worldbank.org
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III. THE TRIBUNAL'S ANALYSIS
16. The Tribunal begins by noting that the fact that there are, or may be, negotiations or discussions (the details of which are not relevant) for the resolution of a dispute is not, in itself, relevant unless both parties concur in pausing the proceedings to allow such negotiations to take place.
17. The Tribunal further observes that the judicial proceedings in Mexico form part of the factual matrix of these proceedings. However, the Claimants have not demonstrated that the order of the U.S. District Court provides sufficient grounds to justify the suspension of these proceedings.
18. Finally, the Tribunal considers that the mere pendency of awards in other proceedings, which would at most have persuasive effect, does not justify the suspension of these proceedings.
IV. DECISION
19. For the foregoing reasons, the Tribunal dismisses the Claimant's Suspension Request.
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