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An ICSID tribunal has ordered Croatia to pay US$184 million plus interest to Hungarian oil and gas group MOL after rejecting allegations that the claimant’s CEO paid bribes to a former prime minister – while dismissing the rest of the investor's billion-dollar claim.
06 July 2022
A court in New Zealand has said it can hear a request for recognition of an ICSID award against Hungary, even though there is no evidence the state has any assets in the jurisdiction.
04 February 2022
UPDATED: Before the holiday break, Cameroon defeated an ICSID claim worth nearly US$1 billion and new claims were filed against Mali, Guyana, Peru and Hungary – while Italy failed again to knock out an Energy Charter Treaty case.
04 January 2022
An ICSID committee has upheld the last of three intra-EU BIT awards in favour of French voucher companies against Hungary, ruling that a tribunal was within its rights to conclude the Achmea decision had no bearing on its jurisdiction.
21 October 2021
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.
20 July 2021
Hungary has failed to annul a €73 million ICSID award in favour of French food voucher services company Sodexo Pass International based on the Achmea ruling.
25 May 2021
An ICSID tribunal has rejected a €10 million claim against Hungary brought by a Jordanian investor in a boutique hotel who alleged he was denied due process in liquidation proceedings.
23 April 2021
In a trio of ICSID developments this week, claims against Hungary, Cȏte d'Ivoire, and Turkish state entity Botaş have respectively begun, proceeded to the merits, and ended in an award.
03 August 2017
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