Entering into force
The Arbitration Act entered into force on 1st January
2018, its provisions govern arbitration proceedings started on and
after this day.
When it comes to arbitration agreements, the Arbitration Act has
retroactive effect, since its provisions govern not only
arbitration agreements concluded after 1st January 2018,
but also those concluded before this date, except the following
rules:
a) the provision rendering arbitration agreements
invalid in consumer disputes;
b) the provision determining the substantive law to be
applied in arbitral proceedings;
c) the provision relative to legal succession in
arbitration agreement.
Material scope - Arbitrability in Hungary
