Hungary
Results: 17
Results: 3
NO. | Year of initiation | Short case name | Summary | Outcome of original proceedings | Respondent State | Home State of investor |
---|---|---|---|---|---|---|
1 | 2021 | MacKenzie v. Hungary |
Investment: Summary: |
Pending | Hungary | United Kingdom |
2 | 2017 | Al Ramahi v. Hungary |
Investment: Investments in a hotel chain in Budapest. Summary: |
Decided in favour of State | Hungary | Jordan |
3 | 2017 | Magyar Farming and others v. Hungary |
Investment: Leasehold rights to 760 hectares of State-owned agricultural land located in Hungary’s North-Western region of Ikrény. Summary: Claims arising out of the alleged expropriation by the National Land Agency of the claimants’ leasehold rights to agricultural land, following new legislation and amendments in 2010-2013 which concerned the re-distribution of certain State-owned agricultural land through tenders. According to the claimants, a tender conducted by the National Land Agency resulted in the conclusion of lease contracts with third parties for the land leased by the claimants, which allegedly breached the claimants’ contractual and statutory pre-lease rights. |
Decided in favour of investor | Hungary | United Kingdom |
4 | 2016 | ENGIE and others v. Hungary |
Investment: Shareholding in gas companies. Summary: |
Settled | Hungary |
France Netherlands |
5 | 2014 | Sodexo Pass v. Hungary |
Investment: Company engaged in the sale of social vouchers in Hungary. Summary: 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. |
Decided in favour of investor | Hungary | France |
6 | 2013 | Edenred v. Hungary |
Investment: Company engaged in the sale of social vouchers in Hungary. Summary: 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. |
Decided in favour of investor | Hungary | France |
7 | 2013 | UP and C.D Holding v. Hungary |
Investment: Company engaged in the sale of social vouchers in Hungary. Summary: 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 favorable than those granted to private operators. |
Decided in favour of investor | Hungary | France |
8 | 2012 | Accession Mezzanine v. Hungary |
Investment: 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. Summary: 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. |
Decided in favour of State | Hungary | United Kingdom |
9 | 2012 | Dan Cake v. Hungary |
Investment: Interests in a local bakery company. Summary: Claims arising out of the bankruptcy of a Hungarian baking company in which the claimant had invested and the alleged mishandling by Hungary's authorities of an insolvency process. |
Decided in favour of investor | Hungary | Portugal |
10 | 2012 | Emmis v. Hungary |
Investment: Shareholding in a Hungarian company that won a competitive tender for one of the two licenses for FM national radio-broadcasting frequencies in Hungary. Summary: 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. |
Decided in favour of State | Hungary |
Netherlands Switzerland |
11 | 2011 | Vigotop v. Hungary |
Investment: Shareholding in two Hungarian subsidiaries; indirect rights under a concession contract for a resort development project to which claimant's local subsidiary was a party. Summary: Claims arising out of a series of alleged unlawful measures by the Government which culminated in the termination of certain concession contract for a resort development project that would include a casino, three luxury hotels and various attractions, known as the King's City Project. |
Decided in favour of State | Hungary | Cyprus |
12 | 2009 | EDF v. Hungary |
Investment: Majority shareholding in Budapesti Eromu ZRt, an electricity company that operated several plants under long-term power purchase agreements with Hungary’s state electricity company. Summary: Claims arising out of the Government's termination of certain long-term power purchase agreements concluded between EDF’s local subsidiary and the State-owned energy company MVM, following a ruling by the European Commission declaring that the agreements were illegal under EU State aid rules and should be terminated. |
Decided in favour of investor | Hungary | France |
13 | 2007 | AES v. Hungary (II) |
Investment: Majority shareholding in a Hungarian electricity generation company that held a power purchase agreement with Hungary; contributions of over EUR 98 million to retrofit certain power station. Summary: Claims arising out of the Government's reintroduction in 2006 and 2007 of administrative pricing pursuant to two Price Decrees (after administrative prices had been abolished as of 1 January 2004), and the alleged resulting loss of revenue to the investor. |
Decided in favour of State | Hungary | United Kingdom |
14 | 2007 | Electrabel v. Hungary |
Investment: Rights under a power purchase agreement concluded between Electrabel’s subsidiary Dunamenti Eromu (the owner-operator of a power plant near Budapest) and the State-owned electricity wholesaler MVM. Summary: Claims arising out of Hungary's termination of a power purchase agreement concluded with the investor, allegedly as part of the State's program for liberalizing its electricity market to comply with EU laws on State aid. |
Decided in favour of State | Hungary | Belgium |
15 | 2004 | Telenor v. Hungary |
Investment: Direct and indirect holdings in local company (wholly- owned subsidiary) that had a concession agreement for telecommunications services. Summary: Claims arising out of a series of measures adopted by the respondent with respect to telecommunications service providers that allegedly affected the operation of a concession agreement for the provision of public mobile radiotelephone services concluded between claimant's wholly owned subsidiary and the Hungarian Minister of Transport, Communications and Water Management. |
Decided in favour of State | Hungary | Norway |
16 | 2003 | ADC v. Hungary |
Investment: Rights under a contract entered into with a Hungarian State agency, ATAA, to renovate, construct and operate two terminals of Budapest-Ferihegy International Airport in Hungary. Summary: Claims arising out of the issuance of a decree by the Minister of Transport of Hungary resulting in the takeover of all the activities related to the operation of claimants' investment, following the completion of the construction and renovation of the airport terminals at issue. |
Decided in favour of investor | Hungary | Cyprus |
17 | 2001 | AES v. Hungary (I) |
Investment: Power purchase and sale agreement. Summary: Claims arising out of Hungary's alleged failure to comply with a sale agreement of certain State-owned power facilities. |
Settled | Hungary | United Kingdom |
NO. | Year of initiation | Short case name | Summary | Outcome of original proceedings | Respondent State | Home State of investor |
---|---|---|---|---|---|---|
1 | 2020 | OTP Bank v. Croatia |
Investment: Investments in the banking industry in Croatia through a local subsidiary. Summary: Claims arising out of the law that prescribed a change in the currency of loans, issued in Croatia, from Swiss Franc to the Euro. |
Settled | Croatia | Hungary |
2 | 2013 | MOL v. Croatia |
Investment: Controlling shareholding (49 per cent) in Industrija nafte, d.d. (INA), a Croatian oil and gas company 44.8 per cent owned by the State. Summary: Claims arising out of the alleged failure by the Government to improve the gas trading business of the company in which MOL had invested (which was loss making), as well as alleged delays and irregularities in granting licenses and the criminal prosecution of claimant's chief executive. |
Decided in favour of investor | Croatia | Hungary |
3 | 2007 | Civis-Ing v. Serbia |
Investment: Summary: |
Data not available | Serbia | Hungary |