Arbitration: Between Law and Equity? XIV World Conference: International Association of Procedural Law National Report − Hungary

Arbitration in Hungary - National report - XIV World Congress of IAPL.At the field of arbitration a significant change in this situation occurred in 1988 in Hungary, when, within a narrow circle, the Act on Business Associations rendered arbitration possible again. In the decade following the political transformation, possibilities of recourse to arbitral tribunals became continuously extended. The present regulation is contained in Act LXXI of 1994 on Arbitration (Arbitration Act), which was created on the basis of the UNCITRAL Model Law of 1985. The study deals with the following issues: attractiveness and flexibility of arbitration, their impartiality and independence, the judicial support, measures to prevent court proceedings inconsistent with arbitration agreement, control of awards, recognition etc.