Electrabel S.A. v. Hungary, ICSID Case No. ARB/07/19

>Claimant : Electrabel S.A.
>Nationality : Belgium
>Respondent : Hungary
>Procedural rules applied : ICSID
>Chair : V. V. Veeder
>Arbitrator appointed by Claimant : Gabrielle Kaufman-Kohler
>Arbitrator appointed by Respondent : Brigitte Stern
>Invoked instruments : ECT
>Articles mentioned : Article 13 (1)
, Article 10 (7)
, Article 10 (1)
, Article 1 (3)
, Article 1 (5)
, Article 1 (6)
, Article 1 (7)
, Article 1 (10)
, Article 3
, Article 6
, 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 : 2015
>Year of registration : 2007

>Subject matter of the dispute: Hungary's termination of a power purchase agreement concluded with the investor, allegedly as part of the State's program for liberalizing its electricity market to comply with EU laws on State aid
>Amount claimed: N/A
>Amount awarded: ZERO
>Costs of arbitration: Not specified
>Award legal costs: Each party bears its own legal costs
>Award costs of arbitration: Costs follow the award

ARBITRAL DECISIONS

30 November 2012

Decision on Jurisdiction, Applicable Law and Liability

25 November 2015

25 February 2008 - Decision on the Claimant's Proposal to Disqualify a Member of the Tribunal