Does the cjeu Misunderstand Investment Treaty Arbitration in Commission v Micula?
نویسندگان
چکیده
This article focuses on the recent judgment of Court Justice EU (CJEU) in European Commission v Micula (C-638/ 19 P) concentrating two paragraphs particular, namely 144–145. These passages lead us to believe that Justice’s more and hostile attitude towards intra-EU investment treaty arbitration (in Achmea, Komstroy , PL Holdings ) might be a result several misunderstandings by how investor-state bit s work. The first concerns nature consent arbitrate under an agreement. second purpose dispute settlement (ISDS), third relates retroactive effects Court’s relation Romania’s Romania-Sweden BIT. From these three issues fourth misunderstanding follows, which is lack clarity relationship between law Member States’ existing obligations ICSID Convention. discussion relevant because it shows when court foreign system uses features define develop its own legal system, chances will potentially misunderstood or mischaracterised are very high. turn not only cause problems, such as with certainty finality decisions for already concluded arbitrations, but also set motion other unexpected consequences.
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ژورنال
عنوان ژورنال: European investment law and arbitration review
سال: 2022
ISSN: ['2468-9017', '2468-7413']
DOI: https://doi.org/10.1163/24689017_0701004