ICSID Declines To Suspend Gas Investor’s $1B NAFTA Claim Pending USMCA Rulings

(May 10, 2024, 12:41 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on May 9 published a tribunal’s order denying Canada’s request that it suspend a U.S. liquid natural gas (LNG) investor’s claims for $1 billion in damages under the North American Free Trade Agreement (NAFTA) pending a separate tribunal’s decision on the applicability of the United-States-Mexico-Canada Agreement (USMCA) during a transition period between the treaties....

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