A new step has just been taken in France concerning the termination of intra-European bilateral investment treaties.
As you may recall from a previous article we published in October 2020, twenty-three EU Member States signed an agreement for the termination of intra-EU bilateral investment treaties on 5 May 2020. Such agreement is a direct consequence of the 6 March 2018 Achmea v Slovak Republic landmark ruling under which the European Court of Justice ruled that arbitration clauses contained in intra-European Bilateral Investment Treaties (BITs) were contrary to EU law.
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