Arbitral Digest

Matter

Mazen Al Ramahi v. Hungary (ICSID Case No. ARB/17/45)

Al Ramahi's investment dispute with Hungary, concerning company shares, insolvency proceedings and allegations of unfair treatment by the Hungarian courts.

  • Investor-state arbitration
Case no.
ARB/17/45
Applicable rules
ICSID Rules of Procedure for Arbitration Proceedings (2006)

Procedural record

  1. 19 April 2021Arbitration

    19 April 2021Arbitration

    Award in ICSID Case No. ARB/17/45 dated 19 April 2021

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal dismissed Hungary's jurisdictional objection ratione materiae and dismissed Mazen Al Ramahi's claims in their entirety. It awarded Hungary HUF 221,250,000 in attorney's fees and USD 30,000 in expert fees, ordered post-award interest at 1.85% compounded semi-annually on the award of costs, and ordered the costs of arbitration to be shared equally by the parties.

    Participants

    Mazen Al Ramahi
    Hungary
    International Centre for Settlement of Investment Disputes

Matter record

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Mazen Al Ramahi v. Hungary (ICSID Case No. ARB/17/45) · Matter