Split Tribunal Rejects Taxicab App Developers’ Claims Against Mexico

( May 19, 2026, 2:11 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) published a split tribunal’s award denying claims by U.S. and Canadian investors that the United Mexican States violated the North American Free Trade Agreement (NAFTA) by abruptly canceling their contract to develop a digital taxicab hailing and payment system for use in Mexico City, with a dissenting arbitrator writing that the cancellation was political....