Before discussing the provisions of Hungarian law on arbitration
agreements, it is worth to address the question, in which cases is
Hungarian law applicable to an arbitration agreement?
Based on the Hungarian PIL Code, the arbitration agreement is
governed
- by the law chosen by the parties to
the arbitration agreement;
- in case the parties have determined
the place of arbitration, by the law of this country, provided that
this law is in closer connection with the arbitration agreement
than the law the under point c) below;
- by the law chosen by the parties to
the underlying legal relationship, in the absence of which, the law
applicable to the parties underlying legal relationship.
