Emmis International Holding B.V., Emmis Radio Operating B.V., Mem Magyar Electronic Media Kereskedelmi És Szolgáltató Kft., Accession Mezzanine Capital L.P. and Danubius Kereskedoház Vagyonkezelo Zrt. v. The Republic of Hungary - ISCID - Request for Arbitration - 28 October 2011
Country
Year
2011
Summary
The claimants operated the two national commercial radio stations in Hungary, SlágerRádió and Danubius Rádió, under licenses granted by the Hungarian broadcast regulator, ORTT. On October 28 2009 ORTT awarded these licenses to two Hungarian entities. In their ICSID filing, Emmis and AMC assert that the Republic of Hungary has violated its treaty obligations by expropriating private property without compensation and not extending fair and equitable treatment to non-Hungarian investors.
