ARBITRATION LAW

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Arbitration in Hungary

 

Legal environment

ARBITRATION LAW

in force since 1 January 2018, based on the UNCITRAL Model Law on International Commercial Arbitration as revised in 2006

in force until 31 December 2017, based on the UNCITRAL Model Law on International Commercial Arbitration

INTERNATIONAL CONVENTIONS

Law Decree No. 25 of 1962 on the Ratification of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 10 June 1958

Law Decree No. 27 of 1987 on the Ratification of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States of 18 March 1965

Act No. XXXV of 1999 on the Ratification of the Final Act of the Conference on the European Energy Charter, the Energy Charter Treaty and the Decisions with respect to the Energy Charter Treaty, as well as the Protocol on Energy Efficiency and Related Environmental Aspects

CASE LAW

 

Arbitral institutions in Hungary

 

Freely available publications on arbitration in Hungary

2020

Veronika Korom, Budapest as a venue of international arbitration. In: János Burai-Kovács (ed.). A Kereskedelmi Választottbíróság Évkönyve 2019-2020, HVG-ORAC, November 2020. 

 

Marianne Kecsmár, A welcomed and debated arbitration reform, In: János Burai-Kovács (ed.). A Kereskedelmi Választottbíróság Évkönyve 2019-2020, HVG-ORAC, November 2020.

 

Péter Nagy, Three years into the reformed Hungarian commercial arbitration regime, In: János Burai-Kovács (ed.). A Kereskedelmi Választottbíróság Évkönyve 2019-2020, HVG-ORAC, November 2020.

 

Attila Jákói/Viktor György Radics, Enforceability of emergency arbitrator's decisions in Hungary, In: János Burai-Kovács (ed.). A Kereskedelmi Választottbíróság Évkönyve 2019-2020, HVG-ORAC, November 2020.

Richard Schmidt, Does a Right to a Physical Hearing Exist in International Arbitration? - Country Report Hungary, Young ICCA, 4 September 2020.

Ioana Knoll-Tudor, Paris Arbitration Week Recap: Do and Don’t’s When Choosing a Seat and Enforcing in CEE/CIS/Russia: State of Play, Kluwer Arbitration Blog, 14 July 2020

 

Zoltán Novák, Limits of Arbitral Competence: Lessons from a Hungarian Domain Name Dispute, Kluwer Arbitration Blog, 30 January 2020

Richard Schmidt, Hungary: Setting Aside Arbitral Awards in the Last 25 Years – A Pro-Arbitration Approach with Minor Derailments, Kluwer Arbitration Blog, 26 January 2020

2019

Richard Schmidt, The New York Convention in the Hungarian Court Practice in Two Decades – Formalistic Yet Pro-Arbitration Approach, Kluwer Arbitration Blog, 11 September 2019

 

Veronika Korom, 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, 8 August 2019

Veronika Korom/Lénárd Sándor, Hungary Gives the Green Light for the Conclusion of a Termination Agreement for Intra-EU BITs, Kluwer Arbitration Blog, 14 January 2019

 

Miklós Boronkay: Arbitration Reform in Hungary. In: Christian Klausegger, Peter Klein, Florian Kremslehner, Alexander Petsche, Nikolaus Pitkowitz, Irene Welser, Gerold Zeiler (eds.): Austrian Yearbook on International Arbitration 2019. Manz, Wien, 2019, 129-143

 

2018

Ioana Knoll-Tudor, The 2018 Hungarian Arbitration Act: Implications of the New Setting Aside Provisions, Kluwer Arbitration Blog, 15 July 2018

 

Kinga Hetényi/Alexandra Bognár, Hungary: New Arbitration Rules of the HCCI, Kluwer Arbitration Blog, 9 March 2018

 

2017

Zoltán Novák, New Arbitration Act in Hungary, Kluwer Arbitration Blog, 15 October 2017

 

Alexandra Bognár, Hungary: Are Interim Measures Hard to Enforce?, Kluwer Arbitration Blog, 8 July 2017

 

2016

Csongor István Nagy, The Lesson of a Short-Lived Mutiny: The Rise and Fall of Hungary’s Controversial Arbitration Regime in Cases Involving National Assets, Kluwer Arbitration Blog, 2 December 2016

Sándor Habóczky/Alexandra Bognár, How about a New Arbitration Act in Hungary?, Kluwer Arbitration Blog, 11 May 2016

 

Gábor Kökényesi, ‘Denial of Justice’ as a Basis for the ICSID Ruling against Hungary, Kluwer Arbitration Blog, 1 March 2016

2015

András Dániel László, Restrictive Tendencies in Hungarian Arbitration Law – Arbitration Agreements Are Not Enforceable Against Companies under Involuntary Liquidation,  Kluwer Arbitration Blog, 4 May 2015