Sodexo: favourable ICSID ruling in Hungary
(CercleFinance.com) - Sodexo has announced that the International Center for the Settlement of Investment Disputes (ICSID) has confirmed the arbitration decision, favourable to Sodexo, rendered on 28 January 2019 in the context of its dispute with the Hungarian State initiated in 2014.
For the record, this arbitral ruling ordering the Hungarian State to pay Sodexo 73 million euros of damages (plus accrued interest since 31 December 2011), related to changes in the regulatory and fiscal environment in Hungary concerning issuance of food and meal vouchers.
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