Mexico Signs ICSID Convention: Briefing for Clients With Mexican Interests

On January 11, 2018, Mexico’s Secretary of Economy signed the International Centre for Settlement of Investment Disputes (ICSID) Convention on behalf of Mexico. The long-awaited signature was penned amidst growing concerns about the outcome of the upcoming presidential election in Mexico and the prospect of changes to the North American Free Trade Agreement (NAFTA), in order to blunt the effect of these developments. In light of the current climate, clients with relevant interests in Mexico should consider whether to take advantage of available protections for their investments there, which may soon include ICSID protection.