Odyssey Marine Exploration Triumphs in NAFTA Arbitration Case Against Mexico’
TAMPA, Fla. Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a trailblazer in ocean exploration committed to the discovery, development, and extraction of critical minerals essential for solving global challenges, has secured a significant victory in its arbitration case against the United Mexican States under Chapter Eleven of the North American Free Trade Agreement (NAFTA).
This landmark arbitration award, delivered by the International Centre for Settlement of Investment Disputes (ICSID), underscores Odyssey’s steadfast commitment to safeguarding its investments and reinforcing investor rights in the international arena. The dispute revolved around Odyssey’s investment in the Mexican seabed mining space and the subsequent handling of its permits and en
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