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Archer Daniels Midland Company and Tate & Lyle Ingredients Americas Incorporated v Mexico, Award and Separate Opinion, ICSID Case No ARB(AF)/04/5, IIC 329 (2007), 26th September 2007, despatched 21st November 2007, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved. date: 19 September 2020

1.– The Claimants in this arbitration allege that an amendment by the Respondent of its tax legislation breaches Chapter Eleven of the North American Free Trade Agreement (NAFTA).2.– On December 30, 2001, with effect from January 1, 2002, the Mexican Congress amended Articles 1, 2, 3 and 8 of the Ley del Impuesto Especial sobre Producción y Servicios, (the “IEPS Amendment” hereinafter) imposing a 20 percent excise tax on soft drinks and syrups and the same tax on services used to transfer and distribute soft drinks and syrups. This tax only applied to soft drinks...
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