Chorzów's Compensation Standard As Applied In ADC v. Hungary

M.A. Abdala
Abdala, Manuel A.
P.T. Spiller
Spiller, Pablo T.
S. Zuccon
Zuccon, Sebastian

Article from: TDM 3 (2007), in Energy Litigation and Arbitration - Expert Perspectives

Introduction

The decision in ADC Affiliate and ADC & ADMC Management v. The Republic of Hungary (hereinafter ADC v. Hungary ) constitutes the most recent and straightforward application of the Chorzów Factory compensation standard in an international arbitration expropriation case.[1] In 1998 ADC Affiliate entered into a 12-year concession agreement with the Hungarian Air Traffic and Airport Authority (ATAA) that included the construction of a new airport terminal and modernization and management of the Budapest Ferihegy Airport (hereinafter, Budapest ...

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Suggested Citation

M.A. Abdala; P.T. Spiller; S. Zuccon; "Chorzów's Compensation Standard As Applied In ADC v. Hungary"
TDM 3 (2007), www.transnational-dispute-management.com

URL: www.transnational-dispute-management.com/article.asp?key=1013