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First Majestic initiates arbitration against Mexico

First Majestic Silver is to initiate arbitration proceedings against Mexico for what it claims is a “total disregard for the applicable provisions of three separate double taxation treaties that it has entered into with Canada, Barbados and Luxembourg”, which it states are applicable to the company and its subsidiaries.

First Majestic initiates arbitration against Mexico First Majestic initiates arbitration against Mexico First Majestic initiates arbitration against Mexico First Majestic initiates arbitration against Mexico First Majestic initiates arbitration against Mexico

San Dimas in Durango

The company claims Mexico's SAT tax authority has repeatedly and unilaterally rejected requests for dispute resolution procedures, known as mutual agreement procedures (MAPs), contained within those