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

Abstract

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

Nagy, Csongor István, The Lesson of a Short-Lived Mutiny: The Rise and Fall of Hungary's Controversial Arbitration Regime in Cases Involving National Assets (November 5, 2016). The American Review of International Arbitration, Vol. 27, No. 2, pp. 239-246, 2016. Available at SSRN: https://ssrn.com/abstract=2864908

Csongor István Nagy (Contact Author)

University of Szeged, Faculty of Law ( email )

Rákóczi tér 1.
H-6722 Szeged, 6722
Hungary

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