NAFTA tribunal finds Mexico violates trade pact in Vulcan arbitration, awards negligible damages
VMC•Tribunal rules Mexico violated NAFTA in Vulcan arbitration
- Vulcan Materials’ NAFTA arbitration tribunal ruled Mexico violated NAFTA, but awarded only negligible monetary damages.
- The case stems from Mexico’s repudiation of an agreement tied to Vulcan’s aggregates reserves, followed by a shutdown of its quarry operations.
- The tribunal decision remains confidential under arbitration rules until it becomes publicly available.
