America Móvil to seek annulment of ICSID arbitration award

In an official statement issued on 7 May 2021, América Móvil (AMX), owned by Mexican billionaire Carlos Slim, announced it was considering all remedies available to it following an ICSID Tribunal award ordering it to pay Colombia US$2.2 million in arbitration costs. This could involve seeking the award’s annulment before the federal court of the District of Columbia (the seat of the arbitration), local news reports.