The new Hungarian Arbitration Act, based for the most part on the UNCITRAL Model Law, provides Hungary with a modern, and in some respects innovative piece of legislation that is likely to reassure practitioners, and put Budapest on the map as a suitable seat of arbitration. However, it also contains a one of a kind provision that may fuel the recent doctrinal debate on arbitrators’ liability: that regarding the automatic reimbursement by the arbitral tribunal of the entirety of its fees should the award be set aside, irrespective of the grounds therefor.