KKR’s Monterra threatens arbitration against Mexico; favors negotiation

Monterra Energy has notified the Mexican government of its intentions to launch international arbitration under the North American Free Trade Agreement for suspending the operations of a fuel import terminal in the port of Tuxpan, in the state of Veracruz, in September 2021. Mexico suspended indefinitely Monterra’s operations after the company allegedly failed to provide all the required documentation. Monterra’s…