{"id":5426,"date":"2018-07-30T08:50:21","date_gmt":"2018-07-30T13:50:21","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=5426"},"modified":"2024-08-09T18:28:48","modified_gmt":"2024-08-09T16:28:48","slug":"european-commission-communication-on-protection-of-intra-eu-investment-rejects-ect-as-a-basis-for-intra-eu-isds","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2018\/07\/30\/european-commission-communication-on-protection-of-intra-eu-investment-rejects-ect-as-a-basis-for-intra-eu-isds\/","title":{"rendered":"European Commission communication on protection of intra-EU investment rejects ECT as a basis for intra-EU ISDS"},"content":{"rendered":"<p>On July 19, 2018, the European Commission (<span class='tooltipsall tooltipsincontent classtoolTips116'>EC<\/span>) published a communication to the European Parliament and the Council of the European Union (<span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span>) titled <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=COM%3A2018%3A547%3AFIN\">Protection of Intra-EU Investment<\/a>.<\/p>\n<p>The EC stressed its long-standing position that intra-EU bilateral investment treaties (BITs) are incompatible with EU law. It highlighted the March 8, 2018 judgment in the <a href=\"https:\/\/www.iisd.org\/itn\/2018\/04\/24\/achmea-the-beginning-of-the-end-for-isds-in-and-with-europe-laurens-ankersmit\/\"><em>Achmea<\/em><\/a> case, in which the Court of Justice of the European Union (<span class='tooltipsall tooltipsincontent classtoolTips42'>CJEU<\/span>) held that investor\u2013state arbitration clauses in intra-EU BITs are unlawful. For the EC, the <em>Achmea<\/em> decision is also relevant for the application of the <a href=\"https:\/\/www.iisd.org\/itn\/2017\/06\/12\/expansion-energy-charter-ect-africa-asia-undoing-reform-international-investment-law-nathalie-bernasconi-osterwalder\/\">Energy Charter Treaty (<span class='tooltipsall tooltipsincontent classtoolTips67'>ECT<\/span>)<\/a>. <a href=\"http:\/\/europa.eu\/rapid\/press-release_MEMO-18-4529_en.htm\">In the EC\u2019s view<\/a>, the ECT cannot be used as a basis for dispute settlement between EU investors and EU member states.<\/p>\n<p>The communication recalls the most relevant substantive and procedural standards in EU law for cross-border investments within the EU. It is intended to dispel any perception that, as a result of the <em>Achmea <\/em>judgment, EU law does not provide for adequate safeguards for intra-EU investors.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips32','International Institute for Sustainable Development<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips33','Institut international du d\u00e9veloppement durable'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips34','Instituto Internacional para el Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips35','Regional Comprehensive Economic Partnership<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips36','Partenariat \u00e9conomique r\u00e9gional global'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips37','Asociaci\u00f3n Econ\u00f3mica Integral Regional'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips42','Court of Justice of the European Union'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips43','investor\u2013state dispute settlement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips58','soluci\u00f3n de controversias inversionista-Estado'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips60','Investment Treaty News'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips104','responsabilit\u00e9 sociale des entreprises'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips106','asociaci\u00f3n p\u00fablica-privada'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips109','Corte de Justicia Europea'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips114','Sistema de Tribunales de Inversiones'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script>","protected":false},"excerpt":{"rendered":"<p>On July 19, 2018, the European Commission (<span class='tooltipsall tooltipsincontent classtoolTips116'>EC<\/span>) published a communication to the European Parliament and the Council of the European Union (<span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span>) titled Protection of Intra-EU Investment.<script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1938,1926,1927],"class_list":["post-5426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cjeu","tag-eu","tag-intra-eu-bits"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/5426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=5426"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/5426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=5426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=5426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=5426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}