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Budapest Court Rejects Croatian Convictions, Declares MOL Victory

3/20/2026

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Summary

Story summary

Budapest court on March 18, 2026, ruled Hungary will not recognize Croatian convictions against Zsolt Hernádi, MOL Group CEO.
The court cited serious rights violations, including a lack of fair trial, in the Croatian proceedings.
The ruling follows international arbitration decisions finding no evidence of corruption, and MOL calls it a significant victory.
It aligns with a U.S. court ruling ordering Croatia to pay MOL about $236 million over INA.

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Story summary

Budapest court on March 18, 2026, ruled Hungary will not recognize Croatian convictions against Zsolt Hernádi, MOL Group CEO.
The court cited serious rights violations, including a lack of fair trial, in the Croatian proceedings.
The ruling follows international arbitration decisions finding no evidence of corruption, and MOL calls it a significant victory.
It aligns with a U.S. court ruling ordering Croatia to pay MOL about $236 million over INA.