AES Summit Generation Ltd. and AES-Tisza Eromü Kft. v. Hungary, ICSID Case No. ARB/07/22

>Claimant : AES Summit Generation Ltd., AES-Tisza Eromü Kft.
>Nationality : UK, Hungary
>Respondent : Hungary
>Procedural rules applied : ICSID
>Chair : Claus von Wobeser
>Arbitrator appointed by Claimant : William Rowley
>Arbitrator appointed by Respondent : Brigitte Stern
>Invoked instruments : ECT
>Articles mentioned : Article 45 (2)
, Article 26 (1)
, Article 26 (3)
, Article 26 (5)
, Article 26 (6)
, Article 26 (7)
, Article 16 (1)
, Article 13 (1)
, Article 10 (7)
, Article 10 (1)
, Article 1 (6)
, Article 13
, Article 16
, Article 26
>Breaches alleged :
- (10.1) Fair and equitable treatment
> Breaches alleged :
- (10.1) Unreasonable or discriminatory measures
> Breaches alleged :
- (10.1) Most constant protection and security
> Breaches alleged :
- (13.1) Expropriation
> Breaches alleged :
- (10.7) Most-favoured-nation treatment
> Breaches alleged :
- (10.7) National Treatment
>Breaches found : No breach
>Case status : Award rendered
>Year of the award or agreement : 2010
>Follow-on proceedings : Award upheld by ICSID annulment committee
>Year of registration : 2007

> Subject matter of the dispute: Government's reintroduction of administrative pricing pursuant to two Price Decrees (after administrative prices had been abolished), and the alleged resulting loss of revenue for the investor
>Amount claimed: Not specified
>Amount awarded: None
>Costs of arbitration: USD 887,839.04
>Award legal costs: Each party bears its own costs
>Award costs of arbitration: Parties share costs equally

ARBITRAL DECISION

23 September 2010

30 October 2008 - Expert Opinion of Professor Piet Eeckhout

ANNULMENT PROCEEDINGS

29 June 2012

Decision of the Ad Hoc Committee on the Application for Annulment