litigation
confidence high
sentiment neutral
materiality 0.40
Odyssey Marine receives ICSID notice: NAFTA arbitration award expected Q1 2024
ODYSSEY MARINE EXPLORATION INC
- ICSID letter dated Oct 6, 2023, updates Odyssey on NAFTA Chapter Eleven claim against Mexico.
- Tribunal is well advanced in drafting the Award, expects issuance in Q1 2024.
- Claimants: Odyssey and its subsidiary Exploraciones Oceánicas S. de R.L. de C.V. (ExO).
- ICSID will notify Claimant of any change to the estimated timing.
- No financial terms or award amount disclosed in the filing.