Comparative Guides
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Results: 4 Answers
International Arbitration
3.
Arbitration agreement
3.1
What are the validity requirements for an arbitration agreement in your jurisdiction?
 
Hungary
The agreement must be made in writing and duly signed by the parties. The Arbitration Act recognises not only hard-copy signatures, but also electronic signatures.

For more information about this answer please contact: Alexandra Bognár from Schoenherr Attorneys at Law
3.2
Are there any provisions of legislation or any other legal sources in your jurisdiction concerning the separability of arbitration agreements?
 
Hungary
An arbitration clause may be included in an agreement, but may alternatively be concluded in a standalone arbitration agreement.

For more information about this answer please contact: Alexandra Bognár from Schoenherr Attorneys at Law
3.3
Are there provisions on the seat and/or language of the arbitration if there is no agreement between the parties?
 
Hungary
As a general rule, the parties may agree on the language(s) to be applied during the arbitration. If no such agreement is made, the tribunal must determine the language(s) to be used during the arbitration.

Similarly, the parties may freely agree on the place of the arbitration. If no such agreement is made, the place of the arbitration is determined by the tribunal, taking into account the circumstances of the case, including the requirement that the location be suitable for the parties.

For more information about this answer please contact: Alexandra Bognár from Schoenherr Attorneys at Law