Bilateral Investment Treaties Within the EU
DOI:
https://doi.org/10.54869/syeul.2023.3.807Keywords:
Bilateral Investment Treaties, Foreign Direct Investment, the EU Internal Market, Treaty of LisbonAbstract
Foreign direct investment falls under the scope of the common commercial policy, a competence exclusively defined for the Union by the Lisbon Treaty. Bilateral investment treaties are also encompassed within the realm of foreign direct investment. Within the context of the European Union, this area is also important from the perspective of completing the EU's internal market. EU Member States have been, and continue to be, parties to numerous bilateral investment treaties. The present article aims to delineate the effects of the Lisbon Treaty on bilateral investment treaties, both intra- and extra-EU, and to present the status quo of this area under analysis within the European Union. A partial objective is also to scrutinize the potential impact on practice and assurances afforded to investors within the Union.
References
Hallak, I. (2022). EU international investment policy: Looking ahead. EU: European Parliamentary ResearchService. Available at: https://www.europarl.europa.eu/RegData/etudes/BRIE/2022/729276/EPRS_BRI(2022)729276_EN.pdf (accessed on 30.12.2023).
Lavranos, N. (2023). Sunset Clause. In JusMundi, available at: https://jusmundi.com/en/document/publication/en-sunset-clause (accessed on 30.12.2023).
Ruoppo, R. (2022). Common Features of the Right to Property and International Investments: Evidence from the use of ECtHR Case law in Investment Tribunals’ Decisions. In The Italian Review of International and Comparative Law, 2(2), 347-369, DOI: https://doi.org/10.1163/27725650-02020007
Salacuse, J. W. (1990). BIT by BIT: The Growth of Bilateral Investment Treaties and Their Impact on Foreign Investment in Developing Countries, In International Lawyer, 24(3), 655-675. Available at: https://scholar.smu.edu/cgi/viewcontent.cgi?article=2743&context=til (accessed on 29.12.2023).
Siman, M. and Slašťan, M. (2012a). Právo Európskej únie. Bratislava: EUROIURIS.
Siman, M. and Slašťan, M. (2012b). Súdny systém Európskej únie, 3. vyd. Bratislava: EUROIURIS.
Other Documents:
EUR-Lex (2017). Bilateral investment agreements — EU and non-EU countries. Available at: https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=LEGISSUM%3A4314900 (accessed on 29.12.2023).
European Commission (2015). Commission asks Member States to terminate their intra-EU bilateral investment treaties. Available at: https://ec.europa.eu/commission/presscorner/detail/en/IP_15_5198 (accessed on 29.12.2023).
European Commission (2018a). Commission provides guidance on protection of cross-border EU investments – Questions and Answers. Available at: https://ec.europa.eu/commission/presscorner/detail/en/MEMO_18_4529 (accessed on 29.12.2023).
European Commission (2018b). Communication from the Commission to the European Parliament and the Council, Protection of intra-EU investment. COM(2018) 547 final. Available at: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52018DC0547&rid=8 (accessed on 30.12.2023).
European Commission (2020a). EU Member States sign an agreement for the termination of intra-EU bilateral investment treaties. Available at: https://finance.ec.europa.eu/publications/eu-member-states-sign-agreement-termination-intra-eu-bilateral-investment-treaties_en (accessed on 30.12.2023).
European Commission (2020b). Report from the Commission to the European Parliament and the Council on the application of Regulation (EU) No 1219/2012 establishing transitional arrangements for bilateral investment agreements between Member States and third countries. COM(2020) 134 final. Available at: https://ec.europa.eu/transparency/documents-register/detail?ref=COM(2020)134&lang=en (accessed on 31.12.2023).
European Commission (2023a). Annotations to the Model Clauses for negotiation or re-negotiation of Member States’ Bilateral Investment Agreements with third countries. Available at: https://circabc.europa.eu/ui/group/be8b568f-73f3-409c-b4a4-30acfcec5283/library/f9a070c6-16dd-41e6-8fec-d2ce67473870/details?download=true (accessed on 29.12.2023).
European Commission (2023b). Register of Commission Documents. Available at: https://ec.europa.eu/transparency/documents-register/search?query=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 (accessed on 31.12.2023).
European Commission (n.d.). Investment. Available at: https://policy.trade.ec.europa.eu/help-exporters-and-importers/accessing-markets/investment_en (accessed on 29.12.2023).
European Parliament (2023). Free movement of capital. Available at: https://www.europarl.europa.eu/factsheets/en/sheet/39/volny-pohyb-kapitalu (accessed on 29.12.2023).
Ministerstvo financií SR (n.d.). Medzinárodná ochrana investícií. Available at: https://www.mfsr.sk/sk/medzinarodne-vztahy/medzinarodna-ochrana-investicii/ (accessed on 30.12.2023).
UNCTAD (2023a). Investment Policy Hub - International Investment Agreements Navigator. Available at: https://investmentpolicy.unctad.org/international-investment-agreements/by-country-grouping (accessed on 29.12.2023).
UNCTAD (2023b). Investment Policy Hub - International Investment Agreements Navigator. Available at: https://investmentpolicy.unctad.org/international-investment-agreements/by-economy (accessed on 29.12.2023).
UNCTAD (2023c). Investment Policy Hub - International Investment Agreements Navigator. Available at: https://investmentpolicy.unctad.org/international-investment-agreements/countries/191/slovakia (accessed on 29.12.2023).
UNCTAD (2023d). Investment Policy Hub - International Investment Agreements Navigator. Available at: https://investmentpolicy.unctad.org/international-investment-agreements/treaty-files/5917/download (accessed on 29.12.2023).
Legal Resources And Case-Law:
Agreement between the Government of the Czech and Slovak Federal Republic and the Government of the People’s Republic of China for the Promotion and Reciprocal Protection of Investments.
Agreement between the Government of the Slovak Republic and the Government the State of Kuwait on Promotion and Reciprocal Protection of Investments and others.
Agreement for the termination of Bilateral Investment Treaties between the Member States of the European Union.
Agreement on the Promotion and Reciprocal Protection of Investments between the Government of the Slovak Republic and the Government of the Republic of Kazakhstan.
Commission Implementing Decision of 30.7.2019 authorising the Slovak Republic to open formal negotiations to conclude a bilateral investment agreement with the Republic of Ecuador. C(2019) 5484 final/2., Available at: https://rb.gy/p22fcn (accessed on 31.12.2023).
CJEU, judgment of 26 October 2021, PL Holdings, C-109/20, EU:C:2021:875.
CJEU, judgment of 6 March 2018, Achmea, C-284/16, EU:C:2018:158.
CJEU, judgment of 9 September 2008, FIAMM a i./Rada a Komisia, C-120/06 P, EU:C:2008:476.
Opinion of 16 May 2017 delivered pursuant to Article 218(11) TFEU, 2/15, EU:C:2017:376.
Opinion of 30 April 2019 delivered pursuant to Article 218(11) TFEU, 1/17, EU:C:2019:341.
Regulation (EU) No 1219/2012 of the European Parliament and of the Council of 12 December 2012 establishing transitional arrangements for bilateral investment agreements between Member States and third countries.
Treaty establishing the European Community.
Treaty on European Union.
Treaty on the Functioning of the European Union.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Slovak Yearbook of European Union Law
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The Author(s) transfers copyright to the Article to the Publisher of the Journal by the Licence Agreement.
The Author(s) retains rights specified in the Licence Agreement.
The readers may read, download, copy, distribute, print, search, or link to the full texts of all of the Article of the Journal and use them for any other lawful purpose under specified Creative Commons Licence (CC BY-NC).
How to Cite
Funding data
-
Agentúra na Podporu Výskumu a Vývoja
Grant numbers Grant No. APVV-20-0567
