The new Nafta, renamed the United States – Mexico – Canada (USMCA) agreement, limits the scope for international arbitration and prevents general investors, except those active in a few sensitive sectors, to bypass domestic courts altogether. Orlando Cabrera, an associate lawyer with law firm Hogan Lovells in Mexico City, tells podcast host Jacopo Dettoni that against a background of mounting discontent towards typical investment protection provisions, the USMCA emerges as a possible new global paradigm for investment protection. 

Advertisement