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)

The Guardian | 12-Jul-2018
Recep Tayyip Erdoğan’s regime accused of illegally seizing company assets and breaching investment treaties involving Britain and other EU states.
CNCD 11.11.11 | 11-Jul-2018
La majorité wallonne a approuvé un accord d’investissements Belgique-Panama, qui va à l’encontre de ses propres engagements de faire bouger les lignes pour des traités plus justes.
Agence Europe | 6-Jul-2018
At their 25th bilateral summit, in Brussels on 11 July 2018, the EU and Japan will sign their strategic partnership agreement.
Le Petit Journal | 4-Jul-2018
Le Comité du patrimoine mondiale de l’UNESCO a décidé de reporter l’inclusion du site minier de Rosia Montana sur la liste du Patrimoine mondial de l’UNESCO.
Vaaju | 3-Jul-2018
Enagás has requested a proceeding before the ICSID against the Peruvian state after negotiating for six months without success to reach a friendly agreement in relation to the company’s investment in the Peruvian South Gas Management Project.
Le Temps | 2-Jul-2018
Sur la base du Traité de la charte de l’énergie, des investisseurs étrangers réclament des sommes astronomiques aux Etats qui décident de passer aux énergies renouvelables.
Business Review | 29-Jun-2018
The minister of culture says that the government has proposed the delay of the inclusion of Rosia Montana in the UNESCO World Heritage list until there is a final ruling in the case opened by Gabriel Resources against Romania.
TACD | 22-Jun-2018
TACD’s resolution recommends that rather than pursuing procedural changes through a MIC at the global level, the EU and US should refrain from including investor-state dispute settlement in any form from any agreement.
No al TTIP | 21-Jun-2018
La campaña contra los Tratados de Comercio e Inversión, formada por más de 30 organizaciones de la sociedad civil, se presentó ayer con un objetivo fundamental: que se conozcan y se discutan públicamente los distintos acuerdos con los que la Unión Europea quiere profundizar su política comercial.
Both Ends | 20-Jun-2018
Both ENDS a envoyé une lettre, signée par différentes organisations de la société civile, à la Ministre néerlandaise du commerce et du développement, l’incitant à terminer le traité bilatéral d’investissement entre les Pays Bas et Burkina Faso.

0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 | ... | 810