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Intra-EU investment deals are in line with EU law, ECJ AG Wathelet says

( September 19, 2017, 14:36 GMT | Official Statement) -- MLex Summary: An Advocate General at the EU's highest court today concluded that the arbitration rules included in the intra-EU investment treaties are compatible with EU law. The non-binding opinion is in regard to the bilateral investment treaty signed in 1991 by Czechoslovakia and the Netherlands. Similar arbitration rules are included in 196 of the BITs currently in force between various EU countries. AG Melchior Wathelet rejected the European Commission's argument that following the Lisbon Treaty's entry into force in December 2009, the intra-EU BITs should be terminated. In September 2016, the commission asked Austria, the Netherlands, Romania, Slovakia and Sweden, by way of reasoned opinion, to terminate their intra-EU BITs.Full statement is attached below:...

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