Europe

European Union member states have signed over 1500 trade agreements with third countries, in addition to some 200 bilateral investment treaties (BIT) between EU members. Non-EU European states are party to over 700 trade agreements. Most of all of these contain investor-state dispute settlement (ISDS) provisions.

The EU as such has only ratified one treaty with an ISDS mechanism, the Energy Charter Treaty (ECT), to which 52 European and Central Asian countries are party. The EU is also in the process of ratifying comprehensive trade agreements with Canada (CETA) and Singapore, both of which include ISDS provisions, and is currently negotiating trade deals with the US (TTIP), India, Malaysia, Vietnam and many other countries.

The EU has initiated the majority of disputes if all claims submitted by EU member states are grouped together (300 from the 28 member states put together in 2014). Only 11% of awards in favour of investors from the EU have been made public, corresponding to a total known amount of about €3.5 billion. European states altogether have been targeted in 46% of all cases (2013).

At the end of 2014, the number of intra-EU ISDS disputes amounted to 99, approximately 16% of all cases globally, half of which having been brought under the ECT.

Overall, the Czech Republic, Spain and Poland have been among the ten most frequent respondent states, while the Netherlands, the United Kingdom, Germany, France, Italy, Spain and Switzerland have been among the ten most frequent home states of the investor.

The most well-known cases include:

Yukos (Isle of Man) vs. Russia: US$50 billion awarded in 2014 to majority shareholders of the oil and gas company (ECT invoked).

Eureko (Netherland) vs. Poland: case settled in 2005 for about €2 billion in favour of the investor, a large European insurance company (Netherland-Poland BIT invoked)

Ceskoslovenska Obchodni Banka (Czech Republic) vs. Slovak Republic: €553 million awarded in 2004 to the investor, one of the largest commercial banks in the Czech Republic (Czech Republic-Slovak Republic BIT invoked)

(March 2016)

Le Figaro | 11-Jul-2017
L’Union européenne pourrait exclure les investissements de ses futurs accords commerciaux, y compris celui avec le Japon, ce qui faciliterait leur négociation et leur ratification, a laissé entendre le vice-président de la Commission Jyrki Katainen.
EurActiv | 11-Jul-2017
The European Union could drop investment from major free trade deals in an effort to ease ratification, Commission Vice President Jyrki Katainen.
CEO | 10-Jul-2017
Le rapport énonce l’histoire d’une région roumaine et de son combat contre l’exploitation d’une mine aux conséquences potentiellement désastreuses.
International Economic Law and Policy Blog | 10-Jul-2017
The EU and Japan seemed to have scrapped the classic BIT/investor protection architecture as a model.
El Tiempo | 7-Jul-2017
Gobierno se defiende diciendo que “España no fue notificada antes de la sentencia”, como pide la ley.
DW | 5-Jul-2017
The Permanent Court of Arbitration in the Hague has said it has jurisdiction to hear the case of a Ukrainian company seeking to recover damages for property lost when Russia annexed Crimea.
Alburnus Maior | 3-Jul-2017
With Gabriel Resources seeking US$4.4 billion in damages, Alburnus Maior, a prospective amicus curiae in the arbitration case, announces that it aims to file its brief to the ICSID Tribunal until September 2018 at the latest.
Maghreb Emergent | 3-Jul-2017
L’ancien vice-président de la Cour d’arbitrage international de Londres, Laurent Lévy, a été désigné arbitre en chef dans l’affaire opposant le ministère de l’Habitat à l’entreprise espagnole Ortiz Construcciones au niveau du CIRDI.
CIAR Global | 30-Jun-2017
El despacho B. Cremades y Asociados estaría estudiando la posibilidad de presentar arbitrajes de inversiones para proteger a los inversores extranjeros afectados por la compra del Banco Popular por el Santander por un euro, según han informado diferentes medios.
Web Manager Center | 30-Jun-2017
La partie tunisienne ne veut pas d’un règlement amiable avec l’actionnaire majoritaire ABCI, même dans une phase ultérieure.

0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 | ... | 600