The Lesson of a Short-Lived Mutiny: The Rise and Fall of Hungary's Controversial Arbitration Regime in Cases Involving National Assets
The American Review of International Arbitration, Vol. 27, No. 2, pp. 239-246, 2016
10 Pages Posted: 7 Nov 2016
Date Written: November 5, 2016
This paper presents and analyzes Hungary’s recent legislative efforts and failure to exclude arbitration in matters involving (Hungarian) national assets, demonstrating the difficulties a country faces if it attempts to defy the prevailing pattern of dispute settlement in international trade. The lesson of the Hungarian saga is that, unsurprisingly, arbitration is not only a ‘take it or leave it’ but even a ‘take it or leave’ rule of the club of international economic relations.
Keywords: Arbitrability, Arbitration, National Assets, Public-Private Arbitration
JEL Classification: K33, K41
Suggested Citation: Suggested Citation