According to a report in German newspaper Heise, the decision could affect nearly 200 treaty agreements between EU member states.
The verdict, published yesterday by the European Court of Justice (ECJ), could have a huge impact on investment protection agreements beyond the specific case – at least between two or more EU member states.
This ruling has been made as a result of a claim by Dutch insurance group Achmea against Slovakia, who in 2006 had partially reversed a lucrative liberalisation of the health insurance market.
The Achmea group, which had a subsidiary in Slovakia, then sued for lost profits, citing the Bilateral Investment Treaty (BIT), an investment protection agreement signed by Czechoslovakia and dissolved in 1993 with the Netherlands.
Source: EU FARCE: Hundreds of treaties at risk as ECJ rules clause ILLEGAL : Express
One thought on “EU FARCE: Hundreds of treaties at risk as ECJ rules clause ILLEGAL : Express”
The EU and farce and they Say Brexit is a farce. Is anything legal within the EU.
Perhap the legality of the EU should be brought before the ECJ.
It could be that since its inception it has been illegal.
This is the organisation the Remainers wish to be part of, who are they kidding.