KOROM Veronika

Veronika Korom is an assistant professor for international business law and arbitration at ESSEC Business School. She is dual-qualified as solicitor of England and Wales and as avocat admitted to the Paris bar, and is also a member of the Budapest bar. She holds a Doctorate in law from the University of Aix-Marseille, a Master in Law from Oxford University and undergraduate degrees in law from the University of Aix-Marseille and the Eötvös Loránd University of Budapest.

Veronika's main research interests are corporate law, comparative law, international investment law, international investment arbitration, EU law and the interaction between the international and EU legal orders in the field of international investment protection.

Veronika has over 10 years of experience working in leading international law firms in Paris and London and acting as counsel in large-scale and complex international arbitration proceedings under the main arbitration rules (ICSID, UNCITRAL, ICC, LCIA and SCC). She has particular expertise in investment arbitrations involving States from the Middle East and Member States of the European Union and questions of EU law. She regularly advises companies and States in a variety of economic sectors such as energy, gas and hydrocarbons, M&A, construction, telecommunications, civil aviation and mining. She also represents clients in various types of annulment and setting-aside proceedings, as well as in domestic enforcement proceedings and proceedings before the Courts of the European Union.

Veronika sits as arbitrator in commercial arbitrations (LCIA, VIAC, HCCI) and has acted as tribunal secretary in ICSID arbitrations. She is referenced as arbitrator on the panel of arbitrators of the Court of Arbitration of the Hungarian Chamber of Commerce (HCCI), the China International Economic and Trade Arbitration Commission (CIETAC) and the OHADA Common Court of Justice and Arbitration. She has been appointed by the European Commission to the panel of arbitrators and trade and sustainable development experts in bilateral disputes under the EU’s trade agreements with third countries.

Veronika acts as the President of the Hungarian Arbitration Association and sits on the Board of the Vienna International Arbitral Centre of the Austrian Federal Economic Chamber (VIAC). Previously, she was a member of VIAC's International Advisory Board. She is also a member of the ICC Commission on Arbitration and ADR.

Veronika is a member of the Academic Forum on Investor-State Dispute Settlement which works alongside the UNCITRAL Working Group III on proposals for reform of the current ISDS system.

Veronika has been recognised as "Future Leader" in arbitration in France by Who's Who Legal for 2019, 2020, 2021, 2022 and 2023. She is fluent in English, French, German and Hungarian.

• 2014 : Doctorate in law (Université d'Aix-Marseille, France)
• 2007 : LPC (College of law, United Kingdom)
• 2006 : Diplôme d'études supérieures spécialisées, Law (Oxford Brookes University, United Kingdom)
• 2005 : Magister Juris (University of Oxford, United Kingdom)
• 2004 : Dr. jur. (Université Eötvös Loránd of Budapest, Hungary)
• 2002 : Bachelor in Law (Université d'Aix-Marseille, France)

Full-time academic appointments

• 2018 - Present : Assistant Professor (ESSEC Business School, France)

Other Academic Appointments

• 2014 - Present : Lecturer (Pázmány Péter University, Hungary)
• 2014 - Present : Lecturer (Université Paris-Dauphine, PSL University, France)

• 2005 : Bourse d’Excellence du Gouvernement Français
• 2004 : Chevening British Scholarship British, Foreign and Commonwealth Office

• 2021 : "Future Leader in Arbitration 2021 - France"
• 2020 : "Future Leader in Arbitration 2020 - France"
• 2019 : "Future Leader in Arbitration 2019 - France"

• KOROM, V. (2023). L'annexion de la Crimée et l'expropriation de biens ukrainiens par la Russie devant les juges français : la Cour de cassation se prononce en faveur de l'Ukraine dans l'affaire Oschadbank. Recueil Dalloz, (4), pp. 196-199.
• KOROM, V. (2023). The Court of Justice confirms that assets frozen pursuant to EU sanctions regulations remain the.property of their sanctioned owners (Instrubel NV and Montana Management Inc v Montana.Management Inc). LexisNexis.
• KOROM, V. (2022). Intra-EU BITs in Light of the Achmea Decision. Central European Journal of Comparative Law, 3(1), pp. 97-117.
• KOROM, V. (2022). Pourquoi la France devrait-elle rester dans le Traité sur la Charte de l'énergie ? Recueil Dalloz, 198(43), pp. 2232-2240.
• KOROM, V. (2021). Let Down by the Facts: The General Court Annuls the European Commission Decision on Irish Tax Arrangement for Apple. European State Aid Law Quarterly, 20(2), pp. 277-283.
• ZIELINSKA-EISEN, A. and KOROM, V. (2021). Is the ECT an Obstacle To Energy Transition? Arbitration Magazine, 27(3), pp. 13-16.
• KOROM, V. (2020). Signature de l'accord plurilatéral portant extinction des traités bilatéraux d'investissement intra-européens : la dernière heure de l'arbitrage d'investissement en Europe a-t-elle sonné ? Recueil Dalloz, 7875(30), pp. 1687-1689.
• KOROM, V. (2019). Vers une nouvelle loi sur le renseignement ? Recueil Dalloz, (24), pp. 1384.
• KOROM, V. (2019). Challenges to ICC and Other Foreign Institutional Arbitration under the New Hungarian Arbitration Act. ICC Dispute Resolution Bulletin, 2019(3), pp. 19-22.
• BOUTHINON-DUMAS, H. and KOROM, V. (2018). Arrêt Achmea : quelles stratégies pour les entreprises européennes pour protéger leurs investissements dans l’UE ? Juriste d'Entreprise Magazine, (31), pp. 30-31.
• KOROM, V. (2018). Jurisprudence Achmea : la fin de l'arbitrage d'investissement au sein de l'Union européenne ? Recueil Dalloz, 194(36), pp. 2005-2010.
• KOROM, V., BECHT, M. and ENRIQUES, L. (2009). Centros and the cost of branching. Journal of Corporate Law Studies, 9(1).
• KOROM, V. and METZINGER, P. (2009). Freedom of establishment for companies: the European Court of Justice confirms and refines its Daily Mail decision in the Cartesio case C-210/06. European Company and Financial Law Review, 6(1).
• KOROM, V. (2009). La liberté d'établissement des personnes morales et l'affaire Cartesio: un pas en arrière? Revue Lamy droit des affaires, (36).

• KOROM, V. (2020). The impact of the Achmea ruling on intra-EU BIT investment arbitration – A Hungarian perspective. In: Hungarian Yearbook of International Law and European Law. 1st ed. Eleven, pp. 53-74.
• KOROM, V. (2020). Budapest as a venue of international arbitration. In: János Burai-Kovács (ed.). A Kereskedelmi Választottbíróság Évkönyve 2019-2020. 1st ed. Budapest: HVG-ORAC, pp. 268-280.
• KOROM, V. (2019). Hungary. In: Csongor Nagy (ed.). Investment Arbitration in Central and Eastern Europe. Law and Practice. 1st ed. Edward Elgar Publishing Ltd, pp. 156-219.
• KOROM, V. (2014). Certification and Transfer of Securities; Companies: Supplementary Provisions; Companies: Interpretation. In: Companies Act 2006 - Kommentar. 1st ed. Munich: Editura C.H. Beck.
• KOROM, V., BECHT, M. and ENRIQUES, L. (2009). The Cost of Limited Branching in the EU. In: Perspectives in Company Law and Financial Regulation - Essays in Honour of Professor Eddy Wymeersch. 1st ed. Oxford: Cambridge University Press.

• KOROM, V. (2022). Energy Charter Treaty and the European Union: True Foes? In: Istanbul Arbitration Week. Istanbul.
• KOROM, V. (2022). The future of intra-EU investment arbitration. In: Stockholm Centre for Commercial Law / Oxford Institute of European and Comparative Law Biennial Conference “Global Trends in Arbitration”. Stockholm.
• KOROM, V. (2022). Is there such a thing as a bad challenge? In: GAR Live. Vienna.
• KOROM, V. (2021). The toolbox of States against Claimants. In: 6th EFILA Annual Conference - The renewed role of States in arbitration. London.
• KOROM, V. (2021). How can ISDS be made more accessible for smaller claims/investors? In: Ukrainian Arbitration Association Conference. Online.
• KOROM, V. (2021). Achmea – Three Years On And Around The World. In: New York State Bar Association, International Section. Online.
• KOROM, V. (2021). Should double-hatting be permitted in ISDS? In: Institute for Transnational Arbitration, Young ITA Roundtable. Online.
• KOROM, V. (2021). Iura novit arbiter. In: YoungITA. Budapest.
• KOROM, V. (2021). Dos and don'ts in international arbitration. In: European Chinese Arbitrators Association. Vienna.
• KOROM, V. (2021). 2021 ICC Rules Regional Launch - Hungary, Croatia, Slovakia. In: Hungarian Arbitration Association. Online.
• KOROM, V. (2021). Conflict of Interest in Arbitration – the Counsel's Perspective. In: 29th Croatian Arbitration Days. Zagreb (Online).
• KOROM, V. (2019). Constructing a Multilateral Investment Court. In: EFILA Annual Conference - The EU and the future of international investment law and arbitration. London.
• KOROM, V. (2019). World Investment Courts: Would It Work? In: Tour de Arbitration, Centre for Advanced Research in Dispute Settlement. Paris.
• KOROM, V. (2019). Intra-EU ISDS - what next?", Alternatives to intra-EU ISDS in the aftermath of Achmea and the Member States’ Declaration of 15 January 2019. In: Paris Arbitration Week. Paris.
• KOROM, V. (2019). Women in arbitration. In: Clifford Chance/ArbitralWomen/DIS. Frankfurt.
• KOROM, V. (2019). Hacked evidence - now what? In: Kyiv Arbitration Days. Kiev.
• KOROM, V. (2019). Why the proposed procedure for the selection of MIC judges does not serve the interest of small EU states. In: EFILA Side Event at the UNCITRAL Working Group III meeting. Vienna.
• KOROM, V. (2019). Independence, impartiality and efficiency in arbitration. In: ICC Young Arbitrators Forum. Budapest.
• KOROM, V. (2019). State of Play in Intra-EU Investment Protection and Arbitration. In: University of Teramo Workshop, The Impact of EU Investment Law on International Economic Regionalism. Teramo.
• KOROM, V. (2018). Arbitrability under French, English and Hungarian Law. In: The New Hungarian Arbitration Act: Views from Hungary and Abroad.
• KOROM, V. (2018). Enforcement of Arbitral Awards and European Union Law. In: The New York Convention and European Union Law. Celebrating 60 Years of the New York Convention.
• KOROM, V. (2018). EU Law and Intra-EU Investment Arbitration. In: Center for International Legal Studies (CILS) International Arbitration Symposium.
• KOROM, V. (2018). The CJEU's Achmea Judgment and intra-EU Disputes under the Energy Charter Treaty. In: Wolters Kluwer Third Hungarian Energy Law Conference.
• KOROM, V. (2018). The Consequences of the CJEU's Achmea Judgment for Investment Treaty Arbitration. In: DAA Investment Arbitration Committee Meeting 2018.
• KOROM, V. (2018). The Impact of Achmea on Intra-EU Investment Treaty Arbitration: Killing Me Softly with EU Law: What to Do after the CJEU Judgement in Achmea? In: International Chamber of Commerce - Young Arbitrators Forum (ICC YAF).
• KOROM, V. (2018). What Are the Implications of Achmea in Investment Treaty Law? What Degree of Notice Should National Courts Give to Intra-Eu Investment Treaty Awards in Light of the Achmea Judgment? In: The EU Law of Unintended Consequences - What Is the Impact of the Achmea Judgment on Investment and Dispute Settlement in the EU Energy Sector?
• KOROM, V. (2018). Why Budapest? - Budapest as Venue of Arbitration. In: Hungarian Arbitration on UNCITRAL Bases.
• KOROM, V. (2018). Minimizing costs in international arbitration: tips and tricks. In: Young ICCA Skills Training Workshop on Efficiency and Costs in International Arbitration. Zagreb.
• KOROM, V. (2018). The Future of Intra-EU Investment Arbitration in the Aftermath of the Achmea Judgment. In: Paris Arbitration Week 2018. Paris.
• KOROM, V. (2017). Backlash Against Investment Arbitration and Issue Conflicts. In: Investment Arbitration in Challenging Times – Issue Conflicts and the Problem of Legitimacy. Frankfurt.
• KOROM, V. (2017). Best Practices for Working with In-House Counsel. In: In-house & External Counsel – What we've always wanted to tell each other. Frankfurt.
• KOROM, V. (2017). Provisional Measures in Investment Arbitration. In: Interim Measures and Security for Costs in Arbitration Proceedings. Budapest.
• KOROM, V. (2016). Intra-EU Investment Arbitration: The CEE Perspective. In: CEU and Hungarian Academy of Sciences Joint Symposium. Budapest.
• KOROM, V. (2016). Lessons Learned from the ICSID Proceedings against Hungary in the Field of Energy. In: First Hungarian Energy Law Conference. Budapest.
• KOROM, V. (2016). Parallel Proceedings and Abuse of Process. In: CILS International Arbitration Symposium. Salzburg.
• KOROM, V. (2015). The EU and International Investment Law and Arbitration: Strange Bedfellows? In: Shearman & Sterling International Arbitration Speaker Series. London.
• KOROM, V. (2015). The Protection of Foreign Investment in International Law and EU Law. In: Hungarian Academy of Sciences Speaker Series. Budapest.
• KOROM, V. (2014). Structuring Intra-EU Investments to Obtain Investment Protection in the European Union. In: CILS International Arbitration Symposium. Salzburg.
• KOROM, V. (2012). Investment Arbitration in the EU: The Beginning of the End? In: Recent Developments in the Law of International Arbitration. Oxford.

• KOROM, V. (2022). Investitionsschiedsgerichtsbarkeit gemäß den Wiener Regeln 2021. In: FORUM International Commercial Contracts and Dispute Resolution. Graz (Online).
• KOROM, V. (2022). Intra-EU BITs and the Achmea decision. In: International Investment Law and EU Law: Dialogue or Confrontation?, Ferenc Mádl Institute of Comparative Law. Budapest (Online).
• KOROM, V. (2022). Arbitrage d’investissement dans l’espace intra-européen. In: Université Paris-Dauphine Colloque « Le droit de l’Union Européenne en crise? ». Paris.

• KOROM, V. (2021). VIAC Rules Revision 2021 Part II: The New VIAC Rules of Investment Arbitration and Mediation. Kluwer Arbitration Blog.
• KOROM, V. (2021). Is there Room to Hope for Non-Treaty-Based ISDS in the EU? Remarks on AG Kokott’s Opinion in Case C-109/20 Poland v. PL Holdings. Kluwer Arbitration Blog.
• KOROM, V. and SANDOR, L. (2019). Hungary Gives the Green Light for the Conclusion of a Termination Agreement for Intra-EU BITs. Kluwer Arbitration Blog.
• KOROM, V. (2019). Is There Finally a (Partial) Solution to the 2017 Hungarian Arbitration Act’s Controversial Requirement that Arbitrators Reimburse Fees If the Award is Set Aside? Kluwer Arbitration Blog.

• KOROM, V. 2022. Resigning from Russian work: principled stand or public shaming? March.
• KOROM, V. 2022. Poland moves to exit ECT. September.
• KOROM, V. 2021. Annacker quits ICSID panel over Achmea conflict. August.
• KOROM, V. 2021. ECJ adviser appears to favour contract-based ISDS. April.
• KOROM, V. 2019. L'avenir du CETA : l'avis de la CJUE et la ratification par la France. July.
• KOROM, V. 2018. Achmea: through the looking glass. April.

• 2013 - 2019 : External Lecturer ( Université Paris-Dauphine, PSL University France)
• 2012 - 2017 : External Lecturer ( Pázmány Péter University Hungary)