Magyar et Inicia ont affirmé que la Hongrie avait exproprié leurs droits de bail sur la terre, suite à une réforme du secteur agricole visant à promouvoir les exploitations familiales au détriment des entreprises agricoles.
Magyar and Inicia filed for arbitration against Hungary claiming expropriation of their leasehold rights to the land, following an agricultural sector reform to promote family farms over farming companies.
An alliance of civil society groups has delivered nearly 70,000 signatures calling on the UK government to commit to keeping controversial ‘corporate courts’ out of post-Brexit trade deals.
This is far from the end of the Micula story. Enforcement proceedings continue in the United States, France, Belgium, Luxembourg and Sweden, and there are questions before the CJEU.
When Vietnam signalled it would claim the tax due, oil giant ConocoPhillips issued a pre-emptive legal strike using an arbitration process under the UK-Vietnam bilateral investment treaty.
A US-based international court issues interim order directing the Nepal government not to impose capital gains tax on Ncell buyout deal for the time being.