arrow-thincheckemaillocationphone

You are here

December 16, 2016

Arbitration ruling from the ICSID delivered in Edenred's favor in Hungary

On December 13, 2016, the International Center for Settlement of Investment Disputes (ICSID) delivered its decision in Edenred's arbitration claim against the Hungarian State in the Group's favor.

Due to a change in the regulatory and tax framework in Hungary related to the issuance conditions of Meal & Food Vouchers, in August 2013, Edenred filed a claim for arbitration against the Hungarian State before the International Center for Settlement of Investment Disputes (ICSID).

The decision delivered at the outcome of the proceedings is favorable to Edenred, and the Hungarian State is ordered to pay Edenred an award of approximately €23 million1, excluding interest.
This decision represents an important step in the process of solving this dispute. The next step consists of making sure that the ICSID's decision is implemented.

Download the press release

A lire aussi

News • Development

UberPOOL is now available to Commuter Benefit users in the...

16 February 2017

News • Event

In Brazil, the Workers’ Food Program celebrates its 40th...

14 February 2017

Press release • Human resources

With Edenstep, Edenred is offering young graduates two...

8 February 2017

News • Development

Edenred Spain launches Ticket Flex

1 February 2017

Press release • Social responsability

Donate your expired 2016 meal vouchers to the French Red...

27 January 2017