News

On 1 January 2018, a new Act on Arbitration entered into force in Hungary. The new act established a new permanent court of arbitration, the Commercial Court or Arbitration, which will have the competence to act in matters falling within the field of money and capital market...

The Curia of Hungary has taken a new major decision on the possible annulment of the Arbitration Court’s decision...

The annulment of an arbitration award by court is exceptional in Hungarian court practice. That is why the decision of the Curia of Hungary, which annulled a judgment of the Court of Arbitration attached to the Hungarian Chamber of Commerce and Industry (hereinafter referred to as "the Arbitration Court"), deserves attention...

A bill on the new Hungarian arbitration act was presented to the Parliament in April. The new act will provide a more detailed regulation taking into account the UNCITRAL Model Law...

The Supreme Court reviewed the whether arbitration clauses qualify as unfair in consumer contracts. The Court concluded that in accorance with Directive 93/13/EEC, such clauses are unfair...