Publication: Magyar Közlöny
Issue: MK-2005-162 (Year: 2005, Number: 162)
Era: 2004-2010
Section: 
Paragraph Index: 720

1. If a Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-commercial risk it has accorded in respect of an investment in the territory of the other Contracting Party, the latter Contracting Party shall recognize, notwithstanding its rights under Article 9: (a) the assignment, whether under the law or pursuant to a legal transaction in that country, of any right or claim by the investor to the former Contracting Party or its designated agency, as well as, (b) that the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and shall assume the obligations related to the investment.

Source: https://magyarkozlony.hu/hivatalos-lapok/aaa07fa20c2f7fbeb79e3d496e7f88b6fe25f378/dokumentumok/13d2c5c1c39942ecb755b4a7c07fb36d498b17b8/letoltes