Overview

• Mexico’s Economy Ministry confirmed it will meet with Philips and the medical device industry group AMID, stating it will then route the matter to the competent agencies.
• Philips México Commercial said it notified its intent to pursue an investment arbitration under the Mexico–Netherlands treaty, citing the seizure of its bank accounts and the arrest of its local CEO in a related case.
• The company maintained the prospective claim is not about the withdrawal of more than 3,500 ventilators and said its Mexican operations remain unaffected.
• An earlier filing reported by El Imparcial shows Philips NV and Philips Radio BV labeled the February 2025 embargo illegal and, based on that assertion, are seeking €50 million from the Mexican state.
• Parallel disputes persist, including a distributor’s litigation over contract terminations and court sanctions, as well as a patient class action linked to alleged foam degradation in multiple Philips ventilator models.