The Current State and Reform of Arbitration in Hungary

Civil procedural law is currently under reform in Hungary. It is the Government’s intention to draft a new Code of Civil Procedure and also to revise the rules on arbitration. Authors of our blog participated in a roundtable discussion about the current state and possible reforms of arbitration in Hungary.

Arbitration clauses in the statutes of companies

According to both the new Civil Code and the old Act on Business Associations, arbitration clauses can be stipulated for corporate law disputes both in corporate statutes and in agreements of the parties involved in a dispute. It is worth examining whether these two different types of arbitration clauses are treated differently in the Hungarian and international court practice or not.