Hungary fails to upend another intra-EU BIT award
Dan Cake produces cakes, muffins, biscuits and tarts (Credit: Shutterstock/SabOlga)
An ICSID committee has upheld a €5.2 million award in favour of a Portuguese cake and biscuit producer against Hungary, ruling that it is not bound by the European Court of Justice’s ruling on intra-EU bilateral investment treaties in the Achmea case.
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