US EditionAXA lawsuit to Mexico for VAT dispute
8 Articles
8 Articles
Mexico City.- The French insurer AXA initiated a commercial arbitration against Mexico to claim the Government’s claim to charge VAT on claims payments. The lawsuit alleges violations of the Mexico-France Reciprocal Investment Protection Agreement, in force since 1998, and was registered on December 5 with the International Center for Settlement of Investment Disputes (CIADI), of the World Bank. It is the first such arbitration against the Mexic…
The French insurer AXA initiated a commercial arbitration against Mexico to claim the government’s claim to charge VAT on claims payments. The lawsuit alleges violations of the Mexico-France Reciprocal Investment Protection Agreement, in force since 1998, and was registered on December 5 with the International Center for Settlement of Investment Disputes (CIADI), of the World Bank. It is the first such arbitration against the Mexican State to be…
In the area of insurance, a high percentage of the claims received by Condusef are related to a breach of contract, time for payment of compensation, or the amount of compensation, representing up to 47 per cent of the care actions received on average each year.
L. MoscosoThe French insurer AXA initiated an international arbitration against the government of Mexico, demanding violations of the Reciprocal Investment Protection Agreement between Mexico and France. The company, led in the country by Daniel Bandle, states in its complaint that the Tax Administration Service (SAT) requires them to pay VAT on claims payments and insurance purchases, something they have never done. With this, the Treasury woul…
Since December 5, Axa Seguros filed a lawsuit against Mexico due to a controversial tax; this is known from the commercial arbitration initiated by the insurer.As the Center for Mediation and Arbitration of the National Chamber of Commerce of Mexico City (Canaco CDMX) points out, a commercial arbitration is a mechanism by which a third party resolves disputes.In this case, Axa Seguros filed the lawsuit with a World Bank agency against the govern…
By Common Sense Writing. The French insurer AXA has initiated a commercial arbitration against the Mexican government, demanding the collection of VAT on claims payments. The lawsuit was filed on December 5 with the International Center for Settlement of Investment Disputes (CIADI) of the World Bank, and alleges violations of the Reciprocal Investment Protection Agreement between Mexico and France, in force since 1998. This is the first such arb…
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