Open AccessProvisions on Arbitration Proceedings Set Down in Cartel Agreements Based on the First Hungarian Cartel Act
Author(s) -
Norbert Varga
Publication year - 2020
Publication title -
athens journal of law
Language(s) - English
Resource type - Journals
ISSN - 2407-9685
DOI - 10.30958/ajl.7-1-3
Subject(s) - cartel , arbitration , enforcement , competition (biology) , business , human settlement , law , compulsory arbitration , law and economics , political science , economics , international trade , industrial organization , ecology , biology , collusion , history , archaeology
The characteristics of the twentieth century cartel movement deemed it contradictory to free trade, because the measures that limited fair trade were the direct results of free trade itself, and thus the only way to oppose it and protect the consumers’ interests was to guarantee free competition, i.e. the fundamental enforcement of public well-being, public economy and public morals. In this study, I wish to describe the regulations that address the stipulations of arbitration courts by analysing archival sources. Specifically, this paper will examine the role arbitration courts played during dispute settlements between concerned parties before the first Cartel Act of Hungary came into effect in 1931. Keywords: Cartel; Arbitration process; Juries and arbitral tribunals; Hungary