On 1st January 2018 a new Civil Procedure Code enters into force in Hungary with the principal aim to speed up civil & business litigations, through divided litigation structure and important restrictions for the litigants. In this short article we collected the 5 most important changes which will affect you if you start a litigation in Hungary from 2018.
In a fast-changing legal environment like Hungary, you should always check whether your legal situation has been changed by reason of a new legislation, because courts tend to decide based on current legal environment if nobody invokes the principle of prohibition of retroactive justice.
Arbitration is more and more popular way of settling business disputes worldwide, and in the past few years Hungary follows the same trend. In this article we summarize the pros and cons of arbitration in Hungary as compared to the litigation before state courts.
In the first part of this article we shared some useful information about civil and commercial litigation in Hungary, such as how to find the competent courts, what are the main costs of litigation and what are the types of evidences in the procedure. In this part we sum up what kind of judicial remedies are available in Hungary if the decision of the court is not favourable. Besides presenting the situations in which the remedies are available, we summarise the costs and deadline for lodging these complaints.
The undisputable advantages of arbitration, such as the relatively shorter duration and the parties’ control over the appointment of the arbitrators have resulted that arbitration has a growing importance in Hungary. In this article we share some useful information about arbitration in Hungary, especially about the proceeding of the Court of Arbitration of the Hungarian Chamber of Commerce and Industry.