Arbitral Digest

Matter

Stratius Investments Limited v. Hungary (ICSID Case No. ARB/24/6)

Case no.
ARB/24/6
Applicable rules
ICSID Arbitration Rules in force as of July 1, 2022
  1. 11 September 2024Arbitration

    11 September 2024Arbitration

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued the first procedural order after the first session. It established the applicable procedural framework, tribunal administration, representation, costs and advances, place and language of the proceeding, filing procedure, timetable, document production, hearings, confidentiality, and related case-management matters.

    Supporting details

    4 authorities · 5 participants
    Stratius Investments Limited
    Hungary
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Juliet Blanch
    Arbitrator
    Philippe Sands

    Authorities cited

    4
    • Energy Charter Treaty (1994) (Energy Charter Treaty, 17 December 1994)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (1965) (ICSID Convention, 18 March 1965)
      statute
    • ICSID Arbitration Rules (2022) (ICSID Arbitration Rules, effective 1 July 2022)
      statute
    • IBA Rules on the Taking of Evidence in International Arbitration (2020)
      statute

    1 month and 5 days later · 35 days

  2. 16 October 2024Arbitration

    16 October 2024Arbitration

    Procedural Order No. 2 on Transparency and Confidentiality

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an order setting the transparency and confidentiality regime for the proceedings. It adopted rules governing publication and redaction of awards and related decisions, tribunal orders and decisions, documents, hearing transcripts and recordings, access to hearings, and confidential or protected information, subject to the stated party-consent and objection procedures.

    Supporting details

    3 authorities · 5 participants
    Stratius Investments Limited
    Hungary
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Juliet Blanch
    Arbitrator
    Philippe Sands

    Authorities cited

    3
    • Energy Charter Treaty (1994) (Energy Charter Treaty, 17 December 1994)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (1965) (ICSID Convention, 18 March 1965)
      statute
    • ICSID Arbitration Rules (2022) (ICSID Arbitration Rules, effective 1 July 2022)
      statute

    3 months and 27 days later · 119 days

  3. 12 February 2025Arbitration

    12 February 2025Arbitration

    Procedural Order No. 3: Reasons for Prior Bifurcation Decision

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal gave reasons for its prior decision denying Hungary's request to bifurcate the proceedings for two jurisdictional objections. It decided not to bifurcate the second objection and rejected Stratius's request for costs associated with the request, reserving costs for later determination; the arbitration continued under Scenario 2(b) of the procedural calendar.

    Supporting details

    3 authorities · 5 participants
    Stratius Investments Limited
    Hungary
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Juliet Blanch
    Arbitrator
    Philippe Sands

    Authorities cited

    3
    • Energy Charter Treaty (1994) (Energy Charter Treaty, 17 December 1994)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (1965) (ICSID Convention, 18 March 1965)
      statute
    • ICSID Arbitration Rules (2022) (ICSID Arbitration Rules, effective 1 July 2022)
      statute

    4 months and 15 days later · 135 days

  4. 27 June 2025Arbitration

    27 June 2025Arbitration

    Procedural Order No. 4: Requests for Document Production

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal decided the Parties' respective document-production requests under the standards established in Procedural Order No. 1. The decisions, with reasons, were incorporated in the annexed Redfern Schedules; the requests received the source-supported outcomes stated there, including grants, partial grants, denials, and matters for which no decision was required.

    Supporting details

    3 authorities · 5 participants
    Stratius Investments Limited
    Hungary
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Juliet Blanch
    Arbitrator
    Philippe Sands

    Authorities cited

    3
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (1965) (ICSID Convention, 18 March 1965)
      statute
    • ICSID Arbitration Rules (2022) (ICSID Arbitration Rules, effective 1 July 2022)
      statute
    • IBA Rules on the Taking of Evidence in International Arbitration (2020)
      statute

    7 months and 9 days later · 223 days

  5. 5 February 2026Arbitration

    5 February 2026Arbitration

    Procedural Order No. 5: Hearing Organization

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an order organizing the forthcoming hearing. It set the in-person hearing format and dates, order of proceedings, oral-statement and time-allocation arrangements, participant and documentation requirements, witness and expert examination arrangements, interpretation, transcripts, and other hearing logistics.

    Supporting details

    5 participants
    Stratius Investments Limited
    Hungary
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Juliet Blanch
    Arbitrator
    Philippe Sands

Matter record

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Stratius Investments Limited v. Hungary (ICSID Case No. ARB/24/6) · Matter