A. LEGISLATION AND RULES A.1 Legislation Hungarian arbitration law is based on the amended UNCITRAL Model Law of 2006, therefore following international standards and creating an attractive arbitration environment. There are three specific aspects of Hungarian arbitration law: There have been no material amendments to arbitration laws in Hungary in 2024 or in early 2025. One minor amendment provides that if an arbitration award concerns rights, facts or data that need to be registered in…
A. LEGISLATION AND RULES A.1 Legislation A new set aside ground was introduced into Hungarian arbitration law in…
A. LEGISLATION AND RULES A.1 Legislation Arbitration in Hungary continues to be governed by the Act LX of…
A. LEGISLATION AND RULES A.1 Legislation Arbitration in Hungary continues to be governed by the Act LX of 2017 on Arbitration (“Hungarian Arbitration Act”) which entered into force on 1 January 2018 and applies to procedures initiated following this date. The Act is based on the amended UNCITRAL Model Law of 2006, hence it follows international standards creating an attractive arbitration environment for foreign investors with enhanced reliability and flexibility of procedures. The above Act…
HUNGARY Artúr Tamási and Daniella Karacs A. LEGISLATION AND RULES A.1 Legislation Arbitration in Hungary continues to be…
HUNGARY Artúr Tamási, Daniella Karacs and Clio Mordivoglia A. LEGISLATION AND RULES A.1 Legislation Arbitration continues to be…