Legal Frameworks Of Arbitration In Hungary

In this article we summarise the legal frameworks of arbitration in Hungary.

International law

Hungary is party to the most important international arbitration treaties. Hungary has signed and ratified:

1. the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 (New York Convention)¹;
2. the European Convention on International Commercial Arbitration of 1961 (Geneva Convention)²;
3. the Convention on the Settlement of Investment Disputes between States and Nationals of Other States of 1965 (ICSID Convention)³
4. the Energy Charter Treaty of 1994⁴.
5. almost 60 (sixty) bilateral investment protection treaties with different European and other countries.