{"title":"Report on the 7th Annual EFILA Conference 2022 on Whether the EU is Still an Attractive FDI Destination Post-Achmea and Komstroy","authors":"Emma Iannini","doi":"10.1163/24689017_0701012","DOIUrl":"https://doi.org/10.1163/24689017_0701012","url":null,"abstract":"The European Federation for Investment Law and Arbitration (EFILA) held its 7th Annual Conference on Thursday, 9 June 2022 in Amsterdam. Over a series of four expert panels and a keynote speech delivered by Prof. Dr. Anne van Aaken (Hamburg University), panelists discussed the future of FDI in Europe in the wake of “anti-isds” decisions of the CJEU such as Slovak Republic v Achmea and Republic of Moldova v Komstroy.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"474 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123259637","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Republic of Italy v Athena Investments A/S Before the Swedish Courts: Is There Still a Life After the CJEU’s Decision in Komstroy and PL Holdings?","authors":"Anina Liebkind, Fredrik Norburg, Andreas Holst","doi":"10.1163/24689017_0701009","DOIUrl":"https://doi.org/10.1163/24689017_0701009","url":null,"abstract":"The Swedish Court of Appeal considers the CJEU’s decisions in Republic of Poland v pl Holdings Sàrl and Republic of Moldova v Komstroy LLC regarding the validity of the arbitration clause included in Article 26 of the Energy Charter Treaty for intra-EU arbitrations, and recalls its request for a preliminary ruling in an ongoing challenge proceeding. Following up on our 2021 EILA Rev case-note, covering the parties’ submissions prior to the Court of Appeal’s request for a preliminary ruling, we further explore the parties’ recounts of the CJEU’s recent decisions and the implications under Swedish law. The Svea Court of Appeal is the first Swedish court to decide on the validity of Article 26 of the Energy Charter Treaty in intra-EU arbitration.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128141572","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The European Union’s Proposed Amendments to Article 10(1) of the ECT: Advancing or Undermining Its Ambitions for the Green Transition?","authors":"Ceyda Knoebel, Stephanie Collins","doi":"10.1163/24689017_0701003","DOIUrl":"https://doi.org/10.1163/24689017_0701003","url":null,"abstract":"This article considers the European Union (EU)’s proposed amendments to Article 10(1) (the fair and equitable treatment (FET) standard) of the Energy Charter Treaty (ECT), put forward in the context of the on-going ‘modernisation’ process of that treaty. The amendments proposed by the EU (which have now been agreed upon in principle by the Contracting Parties to the ECT) seek to narrow the current openended definition of the FET standard, and therefore may be seen to limit investor protection. This, in turn, may undermine the confidence of investors looking to invest in the EU at a time when billions of Euros in investment is required to power the green transition and meet the EU’s climate change objectives. This article considers whether the EU’s proposal to amend Article 10(1) of the ECT may be considered to advance or undermine those objectives.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114743952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"G. Matteo Vaccaro-Incisa, China’s Treaty Policy and Practice in International Investment Law and Arbitration – A Comparative and Analytical Study (Brill Nijhoff, 2021) ISBN: 978-90-04-44390-7 (hardback) (€121), ISBN: 978-90-04-44393-8 (e-book) (€125)","authors":"N. Lavranos","doi":"10.1163/24689017_0701013","DOIUrl":"https://doi.org/10.1163/24689017_0701013","url":null,"abstract":"","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121934396","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Veolia v Republic of Lithuania: A Case on the Legality of the Suspended Intra-EU Investment Arbitration and the Question of Lis Pendens","authors":"R. Satkauskas","doi":"10.1163/24689017_0701005","DOIUrl":"https://doi.org/10.1163/24689017_0701005","url":null,"abstract":"This article addresses the issue of parallel proceedings in suspended arbitration cases based on intra-EU bilateral investment treaties. The furthering of such disputes was declared illegal by the recent CJEU decision in PL Holdings case. However, not all of them were terminated by the agreement of the parties. The said illegality of such proceedings might prevent Governments of the EU Member States to attend the hearing or implement the award, but this alone cannot force the investor to scrap the claim. The pertinent example of the investment dispute in Veolia Environnement S.A. and Others v. the Republic of Lithuania provides additional argument for the investor to hold onto the arbitral tribunal. Lithuanian courts refused so far to accept the Government’s counterclaim avoiding the duplication of the proceedings in the same case. Moreover, Supreme Court’s decision provides a far-reaching interpretation on the nullity of all inter EU arbitration agreements ever concluded. The following analysis provides some certainly interesting details.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125841972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ratification of the ISDS Provisions in CETA – Current Court and Legislative Challenges – an Overview","authors":"P. Leonard","doi":"10.1163/24689017_0701007","DOIUrl":"https://doi.org/10.1163/24689017_0701007","url":null,"abstract":"This article considers the recent rejection of challenges to the ratification of the Comprehensive Economic Trade Agreement with Canada (CETA), by both the German Constitutional Court in March 2022, the Irish High Court and the Irish Supreme Court decision in November 2022, and the likely future path towards ratification. It considers the background to these court challenges, including the request from the Kingdom of Belgium to the Court of Justice of the EU (CJEU) on the compatibility of the ISDS provisions of CETA with EU law, the underlying themes in the German and Irish court challenges, and the position on ratification across other countries in the EU. It concludes that the path to ratification is unclear and that the EU may be forced in the future to adopt a split model to any Free Trade Agreement with Canada.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123812341","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Intra-EU Application of the Energy Charter Treaty: A Critical Analysis of the CJEU’s Ruling in Republic of Moldova","authors":"Paschalis Paschalidis","doi":"10.1163/24689017_0701002","DOIUrl":"https://doi.org/10.1163/24689017_0701002","url":null,"abstract":"In its recent judgment in Republic of Moldova (also known as the Komstroy case), the Court of Justice of the European Union (CJEU) took the view that the arbitration clause contained in Article 26(2)(c) of the Energy Charter Treaty (ECT) does not apply to intra-EU investor-State disputes. This article provides a critical analysis of this ruling and highlights the methodological flaws of its reasoning. As part of this analysis, it discusses the implications of the Energy Charter Treaty’s nature as a “mixed agreement” for the scope of application of Article 26(2)(c) and the CJEU’s jurisdiction to interpret the ECT. It also discusses the proper interpretation of Article 26(2)(c) pursuant to the rules on treaty interpretation laid down in the Vienna Convention on the Law of Treaties, including with the help of documents from the ECT’s travaux preparatoires. Finally, the article deals with Republic of Moldova consequences – or rather the lack thereof – for arbitral tribunals and the courts of non-EU countries.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130550451","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Going Out of Business: Representing Insolvent Claimants Seeking Investment Treaty Protection in Arbitrations Brought against States (Winner of the Essay Competition 2022)","authors":"Velislava Hristova, Stanislav Cherkezov","doi":"10.1163/24689017_0701008","DOIUrl":"https://doi.org/10.1163/24689017_0701008","url":null,"abstract":"In light of the continuing covid-19 pandemic, with its punctuating new waves and variants, and the war in Ukraine and accompanying global sanctions, it is likely that the number of insolvent claimants demanding investment treaty protection is on the rise. Against this background, it is the aim of this study to examine who can represent insolvent claimants in arbitral proceedings. In doing so, the authors examine the roles and representative powers of the different stakeholders in cases where an insolvent claimant has sought investment treaty protection in an arbitration brought against a State. By assessing the roles of insolvency administrators, companies’ shareholders and directors, and third-party funders, and analysing existing case law, the study serves as a guide to parties establishing their case strategy and to arbitrators faced with such issues.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116500806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dominik Moskvan, Protection of Foreign Investments in an Intra-EU Context – Not one bit? (Edward Elgar Publishing 2022) ISBN: 978-1-80088-037-5 (hardcover) £95, ISBN: 978-1-80088-038-2 (e-book) £25","authors":"N. Lavranos","doi":"10.1163/24689017_0701014","DOIUrl":"https://doi.org/10.1163/24689017_0701014","url":null,"abstract":"","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121564902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Green Power K/S and SCE Solar Don Benito APS v Kingdom of Spain: How EU Law Allegedly Trumps International Investment Law","authors":"N. Lavranos","doi":"10.1163/24689017_0701010","DOIUrl":"https://doi.org/10.1163/24689017_0701010","url":null,"abstract":"The Green Power arbitral tribunal is the first tribunal ever (and so far, the only one) that accepted the EU law jurisdictional objections raised by an EU Member State. For this reason alone, this decision is historic. Instead of adopting a public international law perspective for determining the question whether it has jurisdiction, the arbitral tribunal adopted an European law perspective and therefore considered itself bound by the CJEU jurisprudence regarding Achmea and Komstroy. With its decision, which came out only a week before the Contracting Parties to the ect concluded their modernisation negotiations in which the EU and its Member States agreed to carve out the arbitration provision for intra-EU ECT disputes, the arbitral tribunal showed that it had a good sense of what was to come in any event. The consequences of all this are that European investors will be stuck with the domestic courts of the Member States and the European Court of Human Rights – with all their limitations.","PeriodicalId":164842,"journal":{"name":"European Investment Law and Arbitration Review Online","volume":"411 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116518777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}