International Centre for Settlement of Investment Disputes: Award of the Tribunal

Article Abstract:

The proceedings of ADC Affiliate Limited and ADC & ADMC Management Limited as claimants and The Republic of Hungary as the respondent about an alleged unlawful expropriation by the respondent of the investment of the claimants in and related to the Budapest-Ferihegy International Airport are presented. The tribunal awarded that the respondent shall pay the claimants sum and interest towards the transfer of ownership of its projects and towards costs and expenses of arbitration, and claimant to transfer the ownership thereafter.

Construction, Contracts & orders received, Engineering Services, Engineering & Architectural Svcs, HEAVY CONSTRUCTION, EX. BUILDING, Contracts & orders let, Cyprus, GENERAL BUILDING CONTRACTORS, Construction industry, Contracts, Design and construction, Contract agreement, Airport terminals

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International Centre for Settlement of Iinvestment Disputes: Award

Article Abstract:

The proceedings between World Duty Free Company Ltd. and The Republic of Kenya, involving bribe to bag the contract for the construction, maintenance and operation of duty free complexes, is presented. The tribunal decided that the claim advanced by World Duty Free Limited is dismissed, both shall bear in full their respective legal costs and half of arbitration costs will be born by each without recovery from the other party.

All Other Specialty Food Stores, Kenya, Misc. general merchandise stores, Duty Free Shops, Duty-free stores

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In the proceeding between Telenor Mobile Communications A.S. (Claimant) and The Republic of Hungary (Respondent)

Article Abstract:

Telenor Mobile Communications A.S filed a case to claim damages against The Republic of Hungary for loss suffered due to breach of BIT by Hungary in 2002 and 2003.

Communications, Broadcasting and Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, Communications industry, Norway, Telenor A/S, Compensatory damages

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