Arbitraje Casa de Cambio, S.A. De CV. v. United States

OPINION

SMITH, Senior Judge.

I. Introduction

This ease involves a contract dispute between several Exchange Houses in Mexico and the United States Postal Service (“USPS”). During a financial crisis in Mexico beginning in 1995, there was a surge in U.S. money-order fraud in Mexico. As a result of this fraud, the Exchange Houses began losing money due to the sharp rise in refund demands. This led the Exchange Houses to cease purchasing USPS money orders. The Mexican Exchange Houses now bring suit against the United States Post Office claiming that the Exchange Houses had a contractual relationship…