International Arbitration 2025

HUNGARY

Slovakia

Ukraine

Austria

Budapest

Hungary

Law and Practice Contributed by: Tamás Éless, Sarolta Édua Szabó, Ulrike Rein and Zsolt Farkas Oppenheim Law Firm

Romania

Croatia

Serbia

Contents 1. General p.311 1.1 Prevalence of Arbitration p.311 1.2 Key Industries p.311 1.3 Arbitration Institutions p.311 1.4 National Courts p.311 2. Governing Legislation p.312 2.1 Governing Law p.312 2.2 Changes to National Law p.312 3. The Arbitration Agreement p.312 3.1 Enforceability p.312 3.2 Arbitrability p.313 3.3 National Courts’ Approach p.313 3.4 Validity p.313 4. The Arbitral Tribunal p.313 4.1 Limits on Selection p.313 4.2 Default Procedures p.314 4.3 Court Intervention p.314 4.4 Challenge and Removal of Arbitrators p.314 4.5 Arbitrator Requirements p.315 5. Jurisdiction p.315 5.1 Challenges to Jurisdiction p.315 5.2 Circumstances for Court Intervention p.315 5.3 Timing of Challenge p.315 5.4 Standard of Judicial Review for Jurisdiction/ Admissibility p.316 5.5 Breach of Arbitration Agreement p.316 5.6 Jurisdiction Over Third Parties p.316 6. Preliminary and Interim Relief p.316

8. Evidence p.318 8.1 Collection and Submission of Evidence p.318 8.2 Rules of Evidence p.318 8.3 Powers of Compulsion p.319 9. Confidentiality p.319 9.1 Extent of Confidentiality p.319 10. The Award p.319 10.1 Legal Requirements p.319 10.2 Types of Remedies p.319 10.3 Recovering Interest and Legal Costs p.319 11. Review of an Award p.320 11.1 Grounds for Appeal p.320 11.2 Excluding/Expanding the Scope of Appeal p.321

11.3 Standard of Judicial Review p.321 12. Enforcement of an Award p.321 12.1 New York Convention p.321 12.2 Enforcement Procedure p.321 12.3 Approach of the Courts p.321 13. Miscellaneous p.322 13.1 Class Action or Group Arbitration p.322 13.2 Ethical Codes p.322 13.3 Third-Party Funding p.322 13.4 Consolidation p.322 13.5 Binding of Third Parties p.322

6.1 Types of Relief p.316 6.2 Role of Courts p.317 6.3 Security for Costs p.317 7. Procedure p.317

7.1 Governing Rules p.317 7.2 Procedural Steps p.318 7.3 Powers and Duties of Arbitrators p.318 7.4 Legal Representatives p.318

309 CHAMBERS.COM

Powered by