Accession Mezzanine v. Hungary Accession Mezzanine Capital L.P. and Danubius Kereskedöház Vagyonkezelö Zrt. v. Hungary (ICSID Case No. ARB/12/3)
United Kingdom
Shareholding in two Hungarian companies (Sláger Rádió Műsorszolgáltató Zrt. and Danubius Rádió Műsorszolgáltató Zrt.) that won a competitive tender for licenses for FM national radio-broadcasting frequencies in Hungary.
Claims arising out of the alleged expropriation of claimants' investments in nationwide FM-frequency radio-broadcasting licenses in Hungary, through the Government's decision to award the radio-broadcasting frequencies formerly held by claimants to a third party.
Tertiary: J - Information and communication
60 - Programming and broadcasting activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Rovine, A. W.
Lalonde, M.
Douglas, Z.
McRae, D. M. (replaced)
Decided in favour of State
Data not available
Data not available
Indirect expropriation

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

Umbrella clause

National treatment

Customary rules of international law

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