A Portuguese biscuits manufacturer requires 110 million euros compensation from the Hungarian state
The first phase of the in international arbitration proceedings for the dispute between the Hungarian government and the DanCake Portuguese biscuit manufacturing company has ended.
According to the decision of the International Centre for Settlement of Investment Disputes (ICSID), Hungary with the judgment of the Metropolitan Court violated the basic principles for the protection of foreign investments. The Dancake wants a total of 110 million euros compensation – the company told MTI on Wednesday. (MTI)
Related news
OPTEN: focus is again on liquidations
Technical stagnation in September, expected decrease in the number of…
Read more >
Spain’s Adam Foods buys Poland biscuit manufacturer Dr. Gerard
A senior Adam Foods executive said the deal was “an…
Read more >
The liquidation of Ital Magyarország Kft. was ordered
The liquidation of Ital Magyarország Kft. was started with debts…
Read more >Related news
A new chapter has opened in the history of Pizza Hut: The restaurant chain can be renewed based on the Hungarian model
On September 12, the ribbon was cut on Pizza Hut’s…
Read more >
150 million bottles, jars and aluminum cans have already been returned in Lidl stores
Lidl Hungary has reached a milestone in its new return…
Read more >
Style rethought – Hungaria sparkling wine has been renewed!
Hungaria, one of Hungary’s most popular bottle-fermented sparkling wine brands,…
Read more >
