Search for:
Category

Uncategorized

Category

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 Arbitration proceedings in Türkiye are governed by the International Arbitration Act 2001[1] (IAL)[2] for cross-border disputes and by the Code of Civil Procedure of 2011 (CCP)[3] for domestic disputes without a foreign element. Both legal frameworks, which are modeled on the UNCITRAL Model Law, are recognized for their inclusiveness and for facilitating the arbitral process. The Law on International Private Law and Procedural Law (IPPL)[4] in Türkiye, adopted in…

Factual Background In “Milantic Trans SA (“Plaintiff”) v. Ministry of Production (Río Santiago Shipyard et al.) (“Respondent”) the Plaintiff requested the recognition and enforcement of two awards rendered by an arbitral tribunal seated in London, England (“Arbitral Tribunal”). The award on the merits was issued on November 15, 2004. The award on court costs and attorneys’ fees was issued on July 1, 2005. Decision of the Court of First Instance On November 17, 2006, the…