ICSID, 21 November 2017, Dan Cake (Portugal) SA v. Hungary, no. ARB/12/9

The Tribunal confirmed the denial of justice leading to the loss of investment operated by a Budapest court. In 1996 Dan Cake acquired the shares of a Hungarian Danesita in order to develop commercial activities in Eastern European countries. In 2006, the Metropolitan Court of Budapest, sitting as a bankruptcy court, served Danesita a copy [...]