In spite of its short history, arbitration in Hungary has a detailed set of rules and stable institutions. The rules of arbitration have been strongly influenced by international conventions, as the provisions of Act LX of 2007 on Arbitration Courts should be interpreted in the light of the UNCITRAL Model Law on International Commercial Arbitration. The most important institution in Hungary is the Permanent Court of Arbitration, organised alongside the Hungarian Chamber of Commerce and Industry.
Generally speaking arbitration is not widespread as disputes are usually settled primarily through the civil courts. Reasons for this could be that it is relatively expensive compared to ordinary litigation procedures and the lack of tradition. However, the new Act on Arbitration and the model rules of procedure were recently introduced to increase the proportion of arbitration. The new rules are expected to boost confidence and speed up procedures for foreign businesses.
Since the beginning, litigation has been increasingly important. The team is led by Levente Csengery and Rita Párkányi, who have decades of litigation experience. We handle the cases entrusted to us by our clients with diligence and by using all available legal means. Unlike other uber urgent firms, we take an adaptive approach to our cases, choosing our tactics and the person to act after a careful consideration of all the assessable circumstances of the case.
KCG Partners has experience in dispute resolution in the following areas: employment law, intellectual property law, real estate law and investment protection, construction, torts and almost all areas of commercial law.
Construction, IP, Transportation, Tourism, various employment law cases in almost all sectors and in some occasions cases entrusted to us by private individuals.
Our colleagues are authorized to act before public authorities and courts, which could involve the above. Our colleagues at the request of our clients occasionally also act before Hungarian arbitration courts.
Dr. Rita Párkányi
Founding Partner
Email: rita.parkanyi@kcgpartners.com
Tel: +36 1 30 131 30
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