JOURNAL ARTICLE

EU attacks on investor rights.

  • Published In: Journal of World Energy Law & Business, 2024, v. 17, n. 5. P. 322 1 of 3

  • Database: Legal Source 2 of 3

  • Authored By: Devereux, Steven M 3 of 3

Abstract

The article focuses on recent developments in investor-state dispute resolution within the European Union (EU), highlighting how the European Commission and the Court of Justice of the European Union (CJEU) have restricted investors' rights to arbitrate disputes independently. Key judgments, notably the 2018 Achmea case, ruled that arbitration clauses in bilateral investment treaties (BITs) between EU Member States are incompatible with EU law, leading to the termination of intra-EU BITs and undermining investor protections. The article also discusses the Energy Charter Treaty (ECT) and related cases, illustrating tensions between EU law and international arbitration, with some non-EU courts upholding arbitral awards annulled within the EU. It concludes that investors should avoid arbitration seated within the EU and instead choose non-EU jurisdictions to safeguard their rights, as EU institutions increasingly limit arbitration mechanisms and impose retrospective legal changes affecting investments.

Additional Information

  • Source:Journal of World Energy Law & Business. 2024/10, Vol. 17, Issue 5, p322
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2024
  • ISSN:17549957
  • DOI:10.1093/jwelb/jwae013
  • Accession Number:180266969
  • Copyright Statement:Copyright of Journal of World Energy Law & Business is the property of Oxford University Press / USA and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.