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Client Work

ADC Affiliate et al. v. The Republic of Hungary

Fasken
Reading Time 1 minute read
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).