2009
EDF v. Hungary Electricite de France (EDF) International S.A. v. Republic of Hungary
Hungary
France
Majority shareholding in Budapesti Eromu ZRt, an electricity company that operated several plants under long-term power purchase agreements with Hungary’s state electricity company.
Claims arising out of the Government's termination of certain long-term power purchase agreements concluded between EDF’s local subsidiary and the State-owned energy company MVM, following a ruling by the European Commission declaring that the agreements were illegal under EU State aid rules and should be terminated.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
UNCITRAL
PCA (Permanent Court of Arbitration)
Böckstiegel, K.-H.
Dupuy, P.-M.
van den Berg, A. J.
Decided in favour of investor
Award dated 3 December 2014
100.00 mln USD
107.00 mln EUR (132.60 mln USD)
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Other
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Other
Judicial review by national courts
Judicial review by national courts
Award/decision upheld