Universal, Regional, National – Ways of the Development of Private International Law in 21st Century
KapitolaAbstrakt
The paper deals with the implications arising from the Achmea judgment which are far reaching not only for the arbitration community. With regard to investment arbitration, the decision controversially excluded the possibility of arbitration agreements in BITs concluded between EU Member States. The lack of proper reasoning concerning individual arguments used by the CJEU is discussed. The judgment is also being taken as example of increasing practice where decisions are being made based on political needs rather than as a result of legal assessment.
Klíčová slova
Achmea; Case C-284/16; Investment Arbitration; Commercial Arbitration; (intra-EU) BIT; ICSID; EU Law Autonomy.
Reference
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Declaration of the Representative of the Government of Hungary of 16 January 2019 on the Legal Consequences of the Achmea Judgment and on Investment Protection in the European Union [online]. European Commission website. Published on 17 January 2019 [cit. 18. 12. 2019]. https://www.kormany.hu/download/5/1b/81000/Hungarys%20Declaration%20on%20Achmea.pdf
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