HSF Team Play Key Role In Significant ICSID Award Dealing With An Intra-EU BIT Case
Members of the HSF Paris disputes team have played a key role in obtaining a successful ICSID award for Chèque Déjeuner (CD), the French meal voucher issuer. The claim related to tax reforms introduced by the Orban government which effectively excluded CD (and other foreign voucher-issuers) from the Hungarian market. As a result, CD commenced ICSID proceedings under the France-Hungary bilateral investment treaty (BIT) in December 2013, alleging that Hungary had breached its obligations in respect of expropriation and fair and equitable treatment (FET).
Arguments raised
The arbitration provision in the BIT limited arbitral jurisdiction to claims in respect of expropriation. However, CD argued that the tribunal had jurisdiction over its FET claims by virtue of the BIT's most-favoured-nation provision and the broader consent to arbitration which Hungary had granted to investors of other states in subsequent treaties. Hungary objected to the Tribunal's jurisdiction over CD's FET claims, and a hearing on jurisdiction was held in January 2016 before a tribunal constituted of Yves Fortier QC, Sir Daniel Bethlehem QC and Professor Karl-Heinz Böckstiegel (president). In a decision issued in March 2016, the tribunal found that it had jurisdiction over CD's claims in relation to both expropriation and FET. This was a great success, being the first time an ICSID arbitration Tribunal decided that it has jurisdiction to hear an FET claim based on the MFN provision.
A hearing on the merits, which was originally due to take place in December...
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