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
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Original post from European Parliament Think Tank
‘……………Author Laura PUCCIO
The Transatlantic Trade and Investment Partnership (TTIP) is currently being negotiated between the EU and the US as a comprehensive and ambitious trade agreement aiming to liberalise trade and investments as well as foster regulatory cooperation. Public opinion in some EU Member States shows fears related to investor-state dispute settlement (ISDS) clauses in TTIP and, more generally, the impact of the future agreement on states’ regulatory freedom in the areas of the environment, consumer and labour law and data protection. The INTA Committee has adopted draft recommendations on the TTIP negotiations, due to be discussed during the June plenary.
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