Arbitration institution, Enforcement, Hungary

(LFB – László Fekete Bagaméry, Attorneys at Law)/ /Leave a comment

Would you agree to arbitrate in a forum where the opposing party has the last word about the tribunal’s composition? This is what the new Hungarian Concession Arbitration Court, scheduled to start operation in October 2021, proposes.   The Name of the Game The Hungarian government loves playing with arbitration. In 2012, they prohibited arbitration…

Bankruptcy and arbitration, Costs in arbitral proceedings, Hungary, Insolvency

(LFB – László Fekete Bagaméry, Attorneys at Law)/ /Leave a comment

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, based on the UNCITRAL Model Law. State courts generally exercised a liberal approach in connection with arbitral proceedings and awards. However, some recent developments in Hungarian law…