A. LEGISLATION AND RULES A.1 Legislation A new set aside ground was introduced into Hungarian arbitration law in 2023. From 5 June 2023, an arbitration award may be set aside on the grounds that the arbitration panel has disregarded an expert opinion prepared by the Technical Forensic Expert Panel (Teljesítésigazolási Szakértői Szerv). This does not mean that an opinion of the Technical Forensic Expert Panel must be accepted by the arbitration panel, but at least…

HUNGARY Artúr Tamási and Daniella Karacs 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 is applicable to procedures initiated following this date. The Hungarian Arbitration 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…