Brief: Odyssey Marine Exploration Reports Win in NAFTA Arbitration Case

Odyssey Marine Exploration

17/09/2024 19:05

Sept 17 (Reuters) - Odyssey Marine Exploration Inc
 OMEX.O :
    * ODYSSEY MARINE EXPLORATION - AWARD IN ITS ARBITRATION WITH
UNITED MEXICAN STATES UNDER CHAPTER ELEVEN OF NORTH AMERICAN
FREE TRADE AGREEMENT
    * ODYSSEY MARINE EXPLORATION - AWARD ORDERS MEXICO TO PAY
US$37.1
MILLION FOR BREACHING ITS OBLIGATIONS UNDER NAFTA
    * ODYSSEY MARINE EXPLORATION INC -EXPECTS THAT MOST OR ALL
OF
PROCEEDS OF AWARD WILL BE USED TO SATISFY ITS LITIGATION
FINANCING OBLIGATIONS

Source text for Eikon:  ID:nBw6TRK9Ma 
Further company coverage:  OMEX.O 

 ((Reuters.Briefs@thomsonreuters.com;))