HICEE v. Slovakia HICEE B.V. v. The Slovak Republic (PCA Case No. 2009-11)
Shareholding in two Slovakian health insurance companies, which were subsidiaries of another Slovakian entity in turn wholly owned by the claimant.
Claims arising out of the Government's adoption of a number of changes and amendments to the laws on health insurance since 2007, including an Act by which health insurance companies were prohibited from distributing profits and made subject to a cap on their permissible administrative expenses.
Tertiary: K - Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security
PCA (Permanent Court of Arbitration)
Berman, F.
Brower, C. N.
Tomka, P.
Decided in favour of State
1000.00 mln EUR (1388.00 mln USD)
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Transfer of funds

Arbitrary, unreasonable and/or discriminatory measures
None - jurisdiction declined