Arbitration clauses in consumer contracts
Dispute resolution • Arbitration • 29 October 2013
The Supreme Court reviewed the whether arbitration clauses qualify as unfair in consumer contracts. The Court concluded that in accorance with Directive 93/13/EEC, such clauses are unfair. The result of the Supreme Court's position is that all arbitration clauses in consumer contracts, which are concluded by way of general terms are voidable. Our article on the topic in Hungarian is available on the website of Origo and on our website.