Kluwer: Arbitrating Against a State-Owned Entity: Insights From a Mexican ICC Dispute
Published on May 14, 2026
On December 22, 2022, an Arbitral Tribunal issued its award on a dispute between HidroCadereyta and Pemex involving a 2013 public procurement contract for the design and construction of a hydrogen power plant and a natural gas pipeline. The Tribunal ultimately declared the termination of the Contract and ordered Pemex to pay MXN 72,090,952.43 and USD 11,413,242.39 in damages. Following the Award, HidroCadereyta successfully sought clarification of two calculation issues regarding interest and dollar payment estimates.