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Client Work

ADC Affiliate et al. v. The Republic of Hungary

Fasken
Reading Time 1 minute read

Overview

Client

ADC Affiliate

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).

Team