Consolidated Water files ICSID arbitration seeking >$51M from Mexico for canceled Rosarito project

Consolidated Water Co. Ltd.

CW Coop filed ICSID arbitration against Mexico seeking >US$51M plus MXN$137M plus interest and costs.
Dispute stems from termination of 100 MGD desalination plant contract in Rosarito, Baja California, in June 2020.
AdR incurred ~US$60M in expenses and investments; no reimbursement received since termination.
CEO states termination was legally unsupported; company will pursue all legal remedies vigorously.
Outcome uncertain; company may incur material legal expenses from the arbitration.

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