Case report (free download)
Electrabel S.A. v. Hungary (ICSID Case No. Arb/07/19) - Award
Case Report by Eduardo Mathison, Edited by Lorena Perez Mc Gill
In the Award issued on 25 November 2015, the International Center for Settlement of Investment Disputes (“ICSID”) Tribunal unanimously dismissed the remaining claim brought by Electrabel, S.A. (a Belgian company) against Hungary, regarding liability under the Energy Charter Treaty’s (“ETC”) fair and equitable treatment (“FET”) standard in respect of its Power Purchase Agreement (“PPA”) Termination Claim. Read together with the Tribunal’s Decision on Jurisdiction, Applicable Law and Liability dated 30 November 2012, the final award dismisses all the substantive claims made by Electrabel in this arbitration against Hungary.
Case report provided by International Arbitration Case Law (IACL)