ADC Affiliate et al. v. The Republic of Hungary
Client
ADC Affiliate Ltd.
Challenge to the expropriation by the Hungarian Government of Montréal Airports' interests held in the operating company of the Budapest International Airport under the Cyprus-Hungary Bilateral Investment Treaty. The Republic of Hungary was found liable in an award of US$83.8M, including all costs.
ADC Affiliate et al. v. The Republic of Hungary, ICSID Case No. ARB/03/16; ICSID hearings at the World Court (The Hague) and IDRC (London).
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