Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
International Arbitration
5.
The parties
5.1
Are there any restrictions on who can be a party to an arbitration agreement?
Hungary

Answer ... There are no restrictions on who can be a party to an arbitration agreement. The Arbitration Act excludes certain types of issues from arbitration, but this restriction is tied to the nature of the dispute, not to the parties themselves.

For more information about this answer please contact: Alexandra Bognár from Schoenherr Attorneys at Law
5.2
Are the parties under any duties in relation to the arbitration?
Hungary

Answer ... Pursuant to the Arbitration Act, its provisions are to be interpreted in line with the requirements of exercising rights in good faith. The act stipulates certain obligations - for example, that the parties appoint the arbitrators or that the parties submit their statements within a prescribed timeframe.

For more information about this answer please contact: Alexandra Bognár from Schoenherr Attorneys at Law
5.3
Are there any provisions of law which deal with multi-party disputes?
Hungary

Answer ... There are no provisions on multi-party disputes.

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