ICSID Suspends Proceeding On The Merits In Dispute With Hungary

ICSID Suspends Proceeding On The Merits In Dispute With Hungary

WASHINGTON, D.C. - The International Centre for Settlement on Investment Disputes (ICSID) on June 26 released its decision suspending all proceedings on the merits of a dispute filed by a group of investors who seek damages in relation to their investment in FM-frequency radio broadcasting lines in Hungary, pending the outcome of a jurisdictional objection asserted by Hungary (Emmis International Holding, B.V., et al. v. Hungary, No ARB/12/2, ICSID).

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