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On 24 October 2019, the European Commission announced that most European Union (“EU”) Member States had reached an agreement on a plurilateral investment treaty for the termination of intra-EU bilateral investment treaties.[1] This is a direct consequence of the Achmea v Slovak Republic judgement rendered on 6 March 2018 (Case C‑284/16), in which the Court of Justice of the European Union held that “Articles 267 and 344 [of the Treaty on the Functioning of…
Cass. Civ. 1 19 December 2018, n°16-18.349 On 19 December 2018, the French Cour de cassation (Arrêt n° 1220) ruled that parties are not entitled to invoke before a judge deciding on the annulment of an arbitral award facts that cast doubts on the arbitrator’s independence and impartiality if they did not raise them within the time limits established in the applicable arbitration rules. The facts such judgement refers to stem from a dispute concerning the…
Many cross-border transactions require complex contract drafting in order to reflect the will of the parties and comprise the dynamic of two or more legal systems. Amongst the concerns of legal practitioners, it is possible to point out future disagreements stemming from an international contract and to which dispute settlement mechanism they will be submitted. The New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958) plays a key role in today’s…