When International Investment Arbitration meets Insolvency

Dan Cake S.A is a Portuguese company whose scope of activity is the manufacturing of cakes, cookies, biscuits and toasts. It was incorporated in Portugal in 1979. In 1996 it acquired a capital participation in a Hungarian company that was later renamed Danesita, whose scope was also the manufacturing of cakes, cookies, biscuits and toasts for Eastern European countries.
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