The Future of Intra-EU BITs after the Achmea Judgement
Journal Title: ADR. Arbitraż i Mediacja - Year 2018, Vol 3, Issue 43
Abstract
In its latest landmark decision of 8 March 2018, The Court of Justice of the European Union (thereinafter: “CJEU”) ruled that the Article 8 of the Bilateral Investment Treaty (thereinafter: “BIT”) between Netherlands and Slovakia is incompatible with EU law, having an adverse effect on its autonomy. The importance of this judgment is evidenced by the fact that the European Commission and 16 Member States intervened and that it was rendered by the Grand Chamber. It is the first time the general compatibility of intra- EU BITs arbitration clauses with the EU law has been undermined by the measure of such importance. The CJEU’s ruling is not only expected to have unimaginable impact on the potential investor-state disputes under remaining 196 intra-EU BIT agreements but also its consequences are believed to change the face of ISDS and the future of investment treaty arbitration in Europe (intra-EU arbitration in particular).
Authors and Affiliations
Łukasz Chyla
Keywords
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