Odyssey Marine wins $37.1M NAFTA arbitration award against Mexico

ODYSSEY MARINE EXPLORATION INC

ICSID tribunal orders Mexico to pay $37.1M for breaching NAFTA obligations, plus interest from Oct 12, 2018.
Award is net of Mexican taxes; Mexico cannot tax the award.
Odyssey expects most or all proceeds to satisfy litigation financing obligations.
CEO Mark Gordon says ruling validates position that Mexico wrongfully denied environmental permit for ExO.

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