Region: Hungary
Final voucher award rubber-stamped at ICSID
An ICSID committee has upheld the last of three intra-EU BIT awards in favour of French voucher companies against Hungary, ruling that a tribunal was within its rights to conclude the Achmea decision had no bearing on its jurisdiction.
21 October 2021
Hungary fails to upend another intra-EU BIT award
An ICSID committee has upheld a €5.2 million award in favour of a Portuguese cake and biscuit producer against Hungary, ruling that it is not bound by the European Court of Justice’s ruling on intra-EU bilateral investment treaties in the Achmea case.
20 July 2021
Intra-EU award against Hungary upheld
Hungary has failed to annul a €73 million ICSID award in favour of French food voucher services company Sodexo Pass International based on the Achmea ruling.
25 May 2021
Hungary defeats hotel owner’s denial of justice claim
An ICSID tribunal has rejected a €10 million claim against Hungary brought by a Jordanian investor in a boutique hotel who alleged he was denied due process in liquidation proceedings.
23 April 2021
A claim, a decision and an award at ICSID
In a trio of ICSID developments this week, claims against Hungary, Cȏte d'Ivoire, and Turkish state entity Botaş have respectively begun, proceeded to the merits, and ended in an award.
03 August 2017
Tribunal rejects Croatia's allegation of corruption by former PM
An UNCITRAL tribunal has reportedly rejected Croatia’s claims against Hungarian oil and gas company MOL in a high cost case centring on allegations of corruption involving former prime minister Ivo Sanader – who was cleared by the tribunal after giving evidence.
03 January 2017