Edenred v. Hungary Edenred S.A. v. Hungary (ICSID Case No. ARB/13/21)
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)