ICSID rules in favor of government v. Sláger Rádió


The Washington, D.C.-based International Centre for Settlement of Investment Disputes (ICSID) on Wednesday ruled in favor of the state of Hungary in a dispute with radio station Sláger Rádió regarding the legal authority of a 2009 decision not to renew the station’s frequency. 

The decision was at that time fairly surprising and then-ORTT chairman László Majtényi resigned over the matter.

Sláger Rádió sought ICSID arbitration for the station’s objection to the 2009 decision of ORTT (predecessor to current media authority NMHH) to award Sláger’s frequency license to Neo FM. Sláger had taken its grievance all the way to the Hungarian Supreme Court, but to no avail.

The Sláger filing with ICSID was attempting to collect $83.3 million in damage claims.

Per a request from the Hungarian national government, the ICSID was requested to hand down two rulings on the matter; the parties await a decision from the Center regarding ORTT/NMHH’s legal authority in the matter.


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.