Case Details

Accession Mezzanine Capital L.P. and Danubius Kereskedöház Vagyonkezelö Zrt. v. Hungary (ICSID Case No. ARB/12/3)

Proceeding Materials Procedural Details

  • Radio broadcasting enterprises
  • Information & Communication
  • BIT United Kingdom of Great Britain and Northern Ireland - Hungary 1987
  • ICSID Convention - Arbitration Rules

    (a) Original Proceeding

    • Danubius Kereskedöház Vagyonkezelö Zrt. (Hungarian), Accession Mezzanine Capital L.P. (British)
    • Hungary (Hungarian)
    • January 18, 2012
    • October 10, 2012

      Composition of Tribunal

    • Arthur W. ROVINE (U.S.) - Appointed by the Parties
    • Marc LALONDE (Canadian) - Appointed by the Claimant(s)
      Zachary DOUGLAS (Australian) - Appointed by the Respondent(s)

      Party Representatives

    • Bán, S. Szabó & Partners, Budapest, Hungary
      Covington & Burling, Washington, D.C., U.S.A.
    • Arnold & Porter, Washington, D.C., U.S.A. and London, U.K.
      Kende, Molnár-Bíró, Katona, Budapest, Hungary
    • English
    • Concluded
    • April 17, 2015 - The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).

      The Tribunal renders its award.

(a) Original Proceeding

Published Decisions

Decision on Respondent's Objection under Arbitration Rule 41(5)

Decision on Respondent's Notice of Jurisdictional Objections and Request for Bifurcation

Award - English (Original) (April 17, 2015)

Available on the ICSID Website

Decision on Respondent's Objection under Arbitration Rule 41(5) (January 16, 2013) English (Original)

Decision on Respondent's Notice of Jurisdictional Objections and Request for Bifurcation (August 8, 2013) English (Original)

(a) Original Proceeding

Date Development
January 18, 2012 The Secretary-General registers a request for the institution of arbitration proceedings.
April 12, 2012 Following appointment by the Claimants, Marc Lalonde (Canadian) accepts his appointment as arbitrator.
April 12, 2012 Following appointment by the Respondent, Donald M. McRae (Canadian/New Zealand) accepts his appointment as arbitrator.
October 10, 2012 Following appointment by the parties, Arthur W. Rovine (U.S.) accepts his appointment as presiding arbitrator.
The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Arthur W. Rovine (U.S.), President, appointed by agreement of the parties; Marc Lalonde (Canadian), appointed by the Claimants; and Donald M. McRae (Canadian/New Zealand), appointed by the Respondent.
November 2, 2012 The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41(5).
November 12, 2012 The Respondent files an application for a confidentiality order.
November 23, 2012 The Claimants file observations on the Respondent’s application for a confidentiality order.
November 30, 2012 The Tribunal holds a first session by video conference.
The Respondent files a response to the Claimants' observations of November 23, 2012.
December 4, 2012 The Respondent files a response to the Claimants' further observations of November 30, 2012.
December 17, 2012 The Tribunal issues Procedural Order No. 1 concerning procedural matters.
January 16, 2013 The Tribunal issues a decision on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5).
March 1, 2013 The Tribunal issues Procedural Order No. 2 concerning the Respondent's application for a confidentiality order.
April 11, 2013 The Claimants file a memorial on the merits.
June 28, 2013 The Respondent files a request to address the objections to jurisdiction as a preliminary question.
July 18, 2013 The Claimants file observations on the request to address the objections to jurisdiction as a preliminary question.
July 19, 2013 The Respondent files a response to the Claimants’ observations of July 18, 2013.
July 22, 2013 The Claimants file further observations on the Respondent’s response of July 19, 2013.
August 8, 2013 The Tribunal issues a decision on the Respondent's request to address the objections to jurisdiction as a preliminary question; as a result, the proceeding on the merits is suspended.
September 23, 2013 The Respondent files a memorial on jurisdiction.
November 7, 2013 The Claimants file a counter-memorial on jurisdiction.
November 27, 2013 The Respondent files a reply on jurisdiction.
December 17, 2013 The Claimants file a rejoinder on jurisdiction.
March 4, 2014 Following the resignation of arbitrator Donald M. McRae, the Secretary-General notifies the parties of the vacancy on the Tribunal and the proceeding is suspended pursuant to ICSID Arbitration Rule 10(2). The Tribunal consents to the resignation of arbitrator Donald M. McRae pursuant to ICSID Arbitration Rule 8(2) and the Secretary-General notifies the parties thereof.
March 20, 2014 The Tribunal is reconstituted. Its members are: Arthur W. Rovine (U.S.), President, appointed by agreement of the parties; Marc Lalonde (Canadian), appointed by the Claimants; and Zachary Douglas (Australian), appointed by the Respondent in accordance with ICSID Arbitration Rule 11(1). The proceeding is resumed pursuant to ICSID Arbitration Rule 12.
May 14, 2014 The Tribunal holds a pre-hearing organizational meeting with the parties by telephone conference.
May 26, 2014 - May 27, 2014 The Tribunal holds a hearing on jurisdiction in Washington, D.C.
August 15, 2014 Each party files a statement of costs.
April 17, 2015 The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).

The Tribunal renders its award.