2013
Edenred v. Hungary
Edenred S.A. v. Hungary
(ICSID Case No. ARB/13/21)
Hungary
France
Company engaged in the sale of social vouchers in Hungary.
Claims arising out of the enactment of legislation granting the Government a monopoly over the prepaid corporate vouchers industry, allegedly introducing a State-run voucher system with conditions more favourable than those granted to private operators.
Tertiary: N - Administrative and support service activities
82 - Office administrative, office support and other business support activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Fernández-Armesto, J.
Orrego Vicuña, F. (replaced)
Tschanz, P.-Y.
von Wobeser, C.
Decided in favour of investor
Decision on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5) dated 6 June 2014
Decision concerning the Respondent’s request to address the objections to jurisdiction as a preliminary question dated 16 October 2014
Award dated 13 December 2016
Decision on Revision dated 7 February 2019
Data not available
23.00 mln EUR (24.30 mln USD)
Indirect expropriation
Indirect expropriation
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Decision on Annulment dated 9 March 2020
Verhoosel, G. (Member)
Ufot, D. U. (Member)
Low, L. A. (President)
Tercier, P. (President) (replaced)
Yusuf, A. A. (President) (replaced)
Ufot, D. U. (Member)
Low, L. A. (President)
Tercier, P. (President) (replaced)
Yusuf, A. A. (President) (replaced)
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/13/21
http://globalarbitrationreview.com/news/article/33194/hungary-voucher-claim-heads-merits/ (requires subscription)
http://globalarbitrationreview.com/news/article/31901/french-investor-files-claim-against-hungary/ (requires subscription)
http://www.iareporter.com/articles/20130910 (requires subscription)
https://www.iareporter.com/articles/an-update-on-three-investment-treaty-claims-against-hungary/ (requires subscription)
https://www.law360.com/articles/873879/france-s-edenred-wins-24m-in-arbitration-against-hungary
http://globalarbitrationreview.com/article/1079026/voucher-provider-wins-icsid-claim-against-hungary (requires subscription)
http://www.iareporter.com/articles/french-investor-wins-23-million-eur-under-france-hungary-bit/ (requires subscription)
https://www.iareporter.com/articles/hungary-seeks-to-capitalize-on-eu-court-of-justice-ruling-on-intra-eu-investment-treaties/ (requires subscription)
https://globalarbitrationreview.com/article/1180228/icsid-panel-declines-to-revisit-intra-eu-award (requires subscription)
https://www.iareporter.com/articles/hungary-fails-to-annul-award-in-favour-of-french-investor-at-icsid/ (requires subscription)
http://globalarbitrationreview.com/news/article/33194/hungary-voucher-claim-heads-merits/ (requires subscription)
http://globalarbitrationreview.com/news/article/31901/french-investor-files-claim-against-hungary/ (requires subscription)
http://www.iareporter.com/articles/20130910 (requires subscription)
https://www.iareporter.com/articles/an-update-on-three-investment-treaty-claims-against-hungary/ (requires subscription)
https://www.law360.com/articles/873879/france-s-edenred-wins-24m-in-arbitration-against-hungary
http://globalarbitrationreview.com/article/1079026/voucher-provider-wins-icsid-claim-against-hungary (requires subscription)
http://www.iareporter.com/articles/french-investor-wins-23-million-eur-under-france-hungary-bit/ (requires subscription)
https://www.iareporter.com/articles/hungary-seeks-to-capitalize-on-eu-court-of-justice-ruling-on-intra-eu-investment-treaties/ (requires subscription)
https://globalarbitrationreview.com/article/1180228/icsid-panel-declines-to-revisit-intra-eu-award (requires subscription)
https://www.iareporter.com/articles/hungary-fails-to-annul-award-in-favour-of-french-investor-at-icsid/ (requires subscription)