Silver Bull Resources, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver Bull Resources, Inc.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: LoneClone	7/24/2023 2:03:07 PM
	of 5627

Mexico hit by trade arbitration proceedings from Canadian, US firms ca.finance.yahoo.com Reuters Sat, July 22, 2023 at 3:04 p.m. PDT·1 min read MEXICO CITY, July 22 (Reuters) - Mexico has been hit with three sets of trade arbitration proceedings in the past few days, according to the International Centre for Settlement of Investment Disputes (ICSID). First Majestic Silver and Silver Bull Resources, both Canadian companies, as well as U.S. food firm Arbor Confections have filed cases against Mexico, ICSID said in brief statements issued between Thursday and Friday. The proceedings all invoked the North American Free Trade Agreement (NAFTA) and the United States-Mexico-Canada Agreement (USMCA) which replaced NAFTA. The statements did not set out what sort of redress the companies were seeking. In June, Silver Bull said it would likely soon be filing a request for arbitration against Mexico over its Sierra Mojada project on a claim worth at least $178 million. Arbitration magazine CIAR Global said the Arbor Confections claim relates to a leasing contract for an industrial warehouse in the border city of Ciudad Juarez. The firm could not immediately be reached for comment. In 2021, First Majestic said it had started arbitration proceedings against Mexico following a tax dispute. It was not clear if and how the latest filing related to that issue. The company did not immediately respond to a request for comment. The administration of President Andres Manuel Lopez Obrador has sought to tighten state control of natural resources and the energy market, sparking trade disputes with the United States and Canada over the energy sector and corn.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next