As reported in earlier blog posts on the Kluwer Arbitration Blog, Hungary’s newly adopted Arbitration Act (Act No. LX of 2017, hereafter the “2017 Arbitration Act”) is based on the UNCITRAL…
On 17 December 2018, the Prime Minister of Hungary issued a decision entitled “Decision authorizing the conclusion of an Agreement to terminate bilateral agreements on encouragement and reciprocal…
On 17 May 2018, the Central European University and Jeantet co-organized a conference to discuss the new Hungarian Arbitration Act (the “New Act”), following the first months of its entry into force…
Following the entry into force of the new act on arbitration (Act LX of 2017 on Arbitration, the "Act") this year, the Arbitration Court attached to the Hungarian Chamber of Commerce and Industry ("…
The Hungarian Parliament has recently adopted a new Act on Arbitration, which will enter into force on 1 January 2018 (the Act). The new Act (based on the UNCITRAL Model Law on International…
The Hungarian Parliament recently passed new legislation on arbitration (Act LX of 2017 on Arbitration, the "2017 Act") that will reform Hungarian arbitration law as of 1 January 2018.
The 2017 Act,…
This post is based on my paper published in the American Review of International Arbitration (Vol. 27, No. 2, pp. 239-246, 2016) and posted on SSRN. The paper presents the saga of Hungary’s…
The Hungarian arbitration Act (Act LXXI of 1994 on arbitration, "the Act") has barely "turned 22" and the pressure to replace it with new legislation has popped up. Considering the current, rapid…
Introduction
Dan Cake, a Portuguese company and one of the biggest biscuit producers in the world, invested in Hungary by acquiring a Hungarian company’s shares, later named as Danesita. Although Dan…
After the fall of communism, Hungary embraced modern arbitration law. Act LXXI of 1994 (“the Arbitration Law") created a comprehensive legal regime for both domestic and international arbitration,…
