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Hungary - Baker & McKenzie International Arbitration Yearbook: 2012-2013

Author(s): 
József Antal
Anna Ménes
Robert B. Kovacs
Page Count: 
12 pages
Published: 
March, 2013
Jurisdictions: 
Hungary, Republic of
Practice Areas: 
Arbitrators and Arbitral Tribunals,
Independence and Impartiality,
Arbitrability,
Confidentiality,
Arbitral Awards,
Costs and Damages,
Recourse Against Award Generally,
Enforcement of Arbitral Awards,
Interim Measures of Protection,
National Legislation
Author Detail: 

József Antal is a Partner in the Firm's Budapest office and routinely assists clients in litigation, alternative dispute resolution and procurement matters, and has advised clients in numerous industry sectors from transportation to energy and financial services to telecommunications.

Anna Ménes is an Associate in the Firm's Budapest office and primarily works on civil lawsuits, arbitration cases and out-of-court procedure as well as public procurement issues. She has experience in several fields of law, including the law of damages, competition law, copyright law, banking and finance litigation, fraud investigations and compliance-related matters.

Dávid Kovács is an Associate in the Firm's Budapest office and works on civil lawsuits and arbitration cases, both domestic and international.

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Description: 

Originally from: Baker & McKenzie International Arbitration Yearbook: 2012-2013

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A. LEGISLATION, TRENDS AND TENDENCIES

A.1 Legislation

The Hungarian Arbitration Act4 contains the fundamental rules of domestic and international arbitration procedures5 as well as related ordinary court procedures. The Hungarian Arbitration Act is in conformity with the UNCITRAL Model Law. In the past year, the legislator has plainly aimed to prevent cases involving Hungarian state entities and/or national assets of Hungary from being resolved before arbitral tribunals.

These amendments may be disadvantageous for foreign investors and companies operating in Hungary and may have a serious impact on Hungary’s international commercial and economic relations. The key provisions of the recent legislation are outlined below.

Table of Contents: 

A. Legislation, Trends and Tendencies

A.1 Legislation
A.2 Trends and Tendencies

B. Cases

C. The Grant and Enforcement of Interim Measures in International Arbitration

C.1 Tribunal-Ordered Interim Measures
C.2 Court-Ordered Interim Measures
C.3 Enforcement of Interim Measures