By Simon Weber On 1 December 2022, the German Parliament (Bundestag) ratified the Comprehensive Economic and Trade Agreement (CETA; the Agreement) with Canada. The Agreement has been provisionally applied since 2017. Ever since, almost 100% of customs duties on goods traded between Member States of the European Union and Canada have been abolished. CETA must be ratified… Read More Fair and Equitable Treatment in CETA from a German Perspective
By Emma A. Iannini It was not so long ago that many attorneys, academics, and European intellectuals might have described the EU and the Court of Justice of the European Union (“CJEU”) as one of the crowning achievements of public international law. Despite its self-described sui generis nature, there is no doubt that the EU,… Read More Euroscepticism: A Driver of the EU’s Clash with ISDS and Public International Law?
By Lili Feher and Sebastian Lukic Introduction In December 2022, the General Court of the EU rendered a set of judgments rejecting claims initiated by Latvian bank PNB Banka for the annulment of prudential measures imposed against it by the European Central Bank (ECB) (see T-275/19, T-301/19, T-330/19 and T-230/20). The cases had attracted attention considering the larger context… Read More Adjudicating actions of EU institutions in ICSID proceedings: A comment on PNB Banka v. Latvia
The Editorial Board of the EFILA Blog is excited to share the first EFILA Blog Quarterly Review! Our editors have gathered and reviewed developments, events and publications from the last quarter of 2022 to highlight some of the most relevant news in the field of international investment law, arbitration and the intersection of ISDS with… Read More Quarterly Review: October – December 2022
by Anina Liebkind and Andreas Holst SUMMARY: The Achmea saga reaches the precipice in Sweden with two landmark judgments. In judgments issued a day apart, the Svea Court of Appeal first declares the Novenergia II v. Spain award invalid because the issues in dispute are not arbitrable under Swedish law (Case No. T 4658-18, 13… Read More Landmark Judgments Rendered by Swedish Courts in the Achmea Saga
By Herbert Woopen In Part I, this post explored and analysed domestic regulations in Italy concerning investment and ECJ’s decisions stemming from those. Now, Part II will look at international law solutions and will analyse how the European Union could and should amend past erroneous decisions. III. The role of International Law where EU Law… Read More Why Komstroy Cannot be the Last Word: more investment into greening the economy requires to bury Achmea, Komstroy, Micula and others (Part II)
By Herbert Woopen I. Introduction: The EU’s ambition The EU has for a long time wished to be the frontrunner for innovative investments in green technology and strived to secure future economic growth for European companies exporting products for a sustainable world economy, products that are and will be invented in Europe. These intentions deserve… Read More Why Komstroy Cannot be the Last Word: more investment into greening the economy requires to bury Achmea, Komstroy, Micula and others (Part I)
by Ioana Maria Bratu Context States’ failure to meet the 2015 Paris Agreement targets has already had substantial impacts on the world of arbitration, including national courts imposing CO2 levels reduction on big oil companies, NGOs becoming much more involved in climate change disputes (see here para. 3.5), and recently culminating with Belgium, France, Spain… Read More CSR in Investment Arbitration: The long way ahead
By Danilo Ruggero Di Bella On the premise that not all most-favoured-nation (MFN) clauses are created equal, this piece will explore whether it is possible to combine an MFN clause with a more favourable MFN clause contained in another treaty. The objective of doing so, would be to invoke another provision in that treaty (or… Read More Untapped Potential of MFN Clauses: an MFN clause to invoke another “more” MFN clause
Young EFILA would like to remind you of two fantastic opportunities: 8th EFILA Annual Lecture We would like to invite you to the EFILA Annual Lecture, this year taking place on 13 October at the Press Club Brussels Europe in Brussels. The 2022 lecture will focus on “ESG Investment Strategy” This EFILA Annual Lecture consists… Read More Upcoming EFILA Opportunities: Annual Lecture October 2022 and Young Practitioners and Scholars Essay Competition 2023
By Agata Daszko and Kilian Wagner Introduction The Energy Charter Treaty (“ECT” or “Treaty”), signed in December 1994 in Lisbon, has its origins in the 1990 proposal of the Dutch Prime Minister, Ruud Lubbers, which first resulted in the European Energy Charter of 1991 as a political declaration and continued in the negotiations for a… Read More Modernisation of the Energy Charter Treaty: A necessary turning point for investment protection in the energy sector?
by Iván Levy Introduction On June 16, 2022, the Tribunal in Green Power Partners K/S & SCE Solar Don Benito APS v. The Kingdom of Spain (Green Power v. Spain) issued its award and became the first tribunal to uphold the so-called intra-EU objection. After a large number of decisions historically rejecting the objection, is… Read More Green Power v. Spain: Intra-EU Game Changer or an Exception that Confirms the Rule?