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Richard Schmidt

Founding & Managing Partner, SMARTLEGAL Schmidt & Partners

National Rapporteur for Hungary, International Council for Commercial Arbitration (ICCA)

Board Member, Hungarian Arbitration Association

Board Member, International Law Firms (ILF) Network

Biography

Gender: Male

Nationality: Hungary

Type of practitioner:

Counsel, Arbitrator

Jurisdiction(s) in which admitted to practice (if applicable):

Hungary

Fields of legal expertise:

Civil law, Common law, European law

Practice areas:

Distribution, Franchising, Joint Ventures, Cooperation, Agency (Representation), Energy and Natural Resources, Oil & Gas, Competition, Finance and Banking, Real Estate, Construction, Engineering, Information and Communication Technologies, Sales, Purchases, Consultancy Services, Insurance, Corporate Law / M&A, Intellectual Property, Transport

Contact details

Address:

Margit Krt. 56. 4/4.
Budapest, Budapest 1027
Hungary

Phone:

003614900949

Email:

Richard Schmidt <r.schmidt@smartlegal.hu>

Website:

www.smartlegal.hu

Languages

  • Hungarian: Native
  • English: Fluent
  • French: Fluent
  • German: Basic

Relevant arbitration experience:

Counsel - 30+ cases in under ICC, HKIAC, UNCITRAL, HCCI rules
Co-Arbitrator - 10+ cases under HCCI rules
Chairman - 1 case under HCCI rules

Education & certifications:

LL.M in International and European Business law
Université Catholique de Louvain (Belgium)

Lawyer specialised in EU Law
Pázmány Péter Catholic University (Budapest, Hungary)

Law Degree
Pázmány Péter Catholic University (Budapest, Hungary)

Publications:

Selected Publications:
60 ans de la Convention de New York en Hongrie – Une approche formaliste, mais favorable à l’arbitrage (Revue International du droit Comparé 2023/3)
Storm in a Teacup: A New Ground for Annulling Hungarian Construction Arbitration Awards (Kluwer Arbitration Blog 2023/09/22)
Confidentiality vs. Transparency in International Arbitration – A Budapest Conference Recap (Kluwer Arbitration Blog 2023/07/06)
ICCA Yearbook Commercial Arbitration 2022 - Vol. XLVII. – Partt V – Hungarian Chapter (ICCA Publications 2023)
Remote Arbitral Hearings in Hungary – A Quest for the Right to Physical Hearing under Hungarian Law (HCCI Arbitration Court Yearbook 2021-2022)
More Than a Facelift? – New Hungarian Arbitration Rules Take Off in 2023 (Kluwer Arbitration Blog 2023/01/05)
60 Years of the New York Convention in Hungary – A formalistic yet pro-arbitration approach (Hungarian Yearbook of International and European Law 2022)
Does a Right to a Physical Hearing Exist in International Arbitration? – National Report for Hungary (ICCA Projects 2021)
Setting Aside Arbitral Awards in the Last 25 Years in Hungary – A Pro-Arbitration Approach with Minor Derailments. (HCCI Arbitration Court Yearbook 2019-2020)
Hungary: Steps Towards Differentiating Between Domestic and International Procedural Public Policy (Kluwer Arbitration Blog 2021/09/03)
Jurisprudential Bulletin 2021 VARIATIONS ON A THEME – Asymmetrical forum selection in international practice (Jurisprudential Bulletin 2021/1)
ICCA’s Guide to the Interpretation of the 1958 New York Convention (co-translator of the Hungarian version of the book)
Is liquidation procedure is the sword of Damocles? - The Hungarian construction trusteeship in front of the arbitral tribunal of ICC (Business and Law Review 2019/12)
Hungary: Setting Aside Arbitral Awards in the Last 25 Years – A Pro-Arbitration Approach with Minor Derailments (Kluwer Arbitration Blog 2020/01/26)
Hungary: The New York Convention In Court Practice In Two Decades - Formalistic Yet Pro-arbitration Approach? (Kluwer Arbitration Blog 2019/09/11)
ICCA Yearbook Commercial Arbitration 2019 - Vol. XLIV. – Partt V – Hungarian Chapter (ICCA Publications 2020)
Unhadnled data processing? Basic data protection issues in arbitration proceedings after GDPR (European Law Review 2019/8)
Leaving the betrodden way? ... - Some Remarks about the retrial in Hungarian arbitration with international outlook(Procedural law review 2018/12)

Additional information:

Recent Speaking Engagements:
2024/02/15 Extending the Scope of Arbitration Agreements and the New York Convention – Lecture held at Arbiration Breakfast co-organised by HAA and LKT Partners (Budapest)
2023/11/30 The Gateway to Arbitration: the Arbitration Agreement – Lecture for Hungarian Lawyers at the Budapest Bar Association
2023/11/09 Dangerous liasons? – the Relation of International Commercial Abitration with EU law and the European Human Rights Convention – Lecture held at the Conference of Hungarian Lawyer’s Association in Budapest
2023/10/28 Arbitration Through the Prism of Human Rights – Lecture held at General Meeting of International Law Firms Network in Lisbon
2023/05/04 Confidentiality vs. Transparency in International Arbitration – Conference of HCCI & Jus Mundi & HAA in Budapest – Moderator of 3rd Panel
2022/12/16 Competing Arbitration and Jurisdiction Clauses – Lecture held at Annual General Meeting of HAA in Budapest
2022/11/15 Review of arbitral awards delivered in other EU Member states – Lecture held at the Conference of Hungarian Academy of Sciences, Civil Law Section in Budapest
2022/10/29 Asymmetric Arbitration & Jurisdiction Agreement – Keynote speech held at Annual Conference of International Law Firms network in Dubai
2021/09/30 The New York Arbitration Convention in international & domestic court practice – Lecture held at the Conference of Hungarian Lawyers Association in Budapest