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Intra-EU Investor State Contracts After PL Holdings

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New Frontiers for EU Investment Policy (NFEIP 2022)

Part of the book series: European Yearbook of International Economic Law ((Spec. Issue))

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Abstract

The decision in Republic of Poland v. PL Holding is the latest decision dealing with intra EU investment disputes.The article looks at the previous developments and case law leading up to PL Holding and analyzes the decision’smeaning in the broader context of former milestones.

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Notes

  1. 1.

    Republic of Poland v. PL Holdings Sàrl, Judgment of the Court (Grand Chamber) (26 October 2021) Case C-109/20.

  2. 2.

    Dolzer and Schreuer (2012), p. 5.

  3. 3.

    Dolzer and Schreuer (2012), pp. 8 et. seq.

  4. 4.

    Slovak Republic v. Achmea B.V., Judgment of the Court (Grand Chamber) (6 March 2018) Case C-284/16.

  5. 5.

    See for example, Sun Reserve Luxco Holdings Sàrl, Sun Reserve Luxco Holdings II Sàrl and Sun Reserve Luxco Holdings III Sàrl v. Italy, Final Award (25 March 2020) SCC Case No. 132/2016, para. 428 et seq.

  6. 6.

    Agreement for the Termination of Bilateral Investment Treaties between the Member States of the European Union (29 May 2020) EU L 169/1.

  7. 7.

    Republic of Moldova v Komstroy, Judgment of the CJEU (Grand Chamber) (2 September 2021) Case C-741/19.

  8. 8.

    Landesbank Baden-Württemberg and others v Kingdom of Spain, ICSID Case No. ARB/15/45.

  9. 9.

    Mathias Kruck and others v. Kingdom of Spain, ICSID Case No ARB/15/23.

  10. 10.

    Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd., and Rockhopper Exploration Plc v. Italian Republic, ICSID Case No. ARB/17/14.

  11. 11.

    Cavalum v. Spain, ICSID Case No. ARB/15/34.

  12. 12.

    Infracapital v. Kingdom of Spain, ICSID Case No. ARB/16/18.

  13. 13.

    Green Power Partners K/S, SCE Solar Don Benito APS v Kingdom of Spain, Award (16 June 2022) SCC Case No. 2016/135.

  14. 14.

    RWE AG and RWE Eemshaven Holding II BV v. Kingdom of the Netherlands, ICSID Case No. ARB/21/4.

  15. 15.

    Uniper SE, Uniper Benelux Holding B.V. and Uniper Benelux N.V. v. Kingdom of the Netherlands, ICSID Case No. ARB/21/22.

  16. 16.

    Judgment of the Paris Court of Appeal (19 April 2022) Case 49/2022, regarding the decision rendered in Slot Group a.s. v. Republic of Poland, Award (3 February 2020) PCA Case No. 2017-10.

  17. 17.

    Judgment of the Paris Court of Appeal (19 April 2022) Case 49/2022, regarding the decision rendered in Strabag SE, Raiffeisen Centrobank AG and Syrena Immobilien Holding AG v. Republic of Poland, Partial Award (4 March 2020) ICSID Case No. ADHOC/15/1.

  18. 18.

    Decision of the Federal Court of Justice of Germany (31 October 2018) Case No. I ZB 2/15, regarding the decision rendered in Achmea B.V. (formerly Eureko B.V.) v. The Slovak Republic, Award, (7 December 2012), PCA Case No. 2008-13.

  19. 19.

    Decision of the Federal Court of Justice (17 November 2021) Case No. I ZB 16/21, regarding the competence of the tribunal in Raiffeisen Bank International AG and Raiffeisen Bank Austria d.d. v. Croatia, PCA Case No. 2020-15.

  20. 20.

    Decision of the Nacka District Court in Stockholm (23 Jan 2019) Ä 2550-17, regarding the decision rendered in Ioan Micula, Viorel Micula and others v. Romania (I), Final Award (11 December 2013) ICSID Case No. ARB/05/20.

  21. 21.

    Decision of the Court of Cassation of Luxembourg (14 July 2022) Case No. 45337, regarding the decision rendered in Ioan Micula, Viorel Micula and others v. Romania (I), Final Award (11 December 2013) ICSID Case No. ARB/05/20.

  22. 22.

    Judgment of the Supreme Court of the United Kingdom (19 Feb 2020) Case No. [2020] UKSC 5, regarding the decision rendered in Ioan Micula, Viorel Micula and others v. Romania (I), Final Award (11 December 2013) ICSID Case No. ARB/05/20.

  23. 23.

    Judgment of the United States Court of Appeals for the District of Columbia Circuit (19 May 2020) 17-cv-02332-APM, regarding the decision rendered in Ioan Micula, Viorel Micula and others v. Romania (I), Final Award (11 December 2013) ICSID Case No. ARB/05/20.

  24. 24.

    Official English translation: “(2) Until the arbitral tribunal has been formed, a request may be filed with the court to have it determine the admissibility or inadmissibility of arbitral proceedings”.

  25. 25.

    Official English translation: “(3) Where the arbitral tribunal considers that it has jurisdiction, its decision on an objection raised pursuant to subsection (2) generally takes the form of an interlocutory decision. In this case, either party may request a court decision within 1 month of having received the written notice of the interlocutory decision. While such a request is pending, the arbitral tribunal may continue the arbitral proceedings and may make an award”.

  26. 26.

    Decision of the Higher Regional Court Cologne (1 September 2022), 19 SchH 14/21, para 44.

  27. 27.

    PL Holdings Sàrl v. Republic of Poland, Final Award (28 August 2017) SCC Case No. V 2014/163.

  28. 28.

    Republic of Poland v. PL Holdings Sàrl, Judgment of Svea Court of Appeal on Set-Aside Application (22 February 2019) Case No. T 8538-17 and T 12033-17.

  29. 29.

    Republic of Poland v. PL Holdings Sàrl, Judgment of Svea Court of Appeal on Set-Aside Application (22 February 2019) Case No. T 8538-17 and T 12033-17, Section 3.2.3.

  30. 30.

    Republic of Poland v. PL Holdings Sàrl, Judgment of the Court (Grand Chamber) (26 October 2021) Case C-109/20.

  31. 31.

    Ibid, para 47.

  32. 32.

    Ibid, para 38, 50.

  33. 33.

    Ibid, paras 47–49.

  34. 34.

    Ibid, para 53.

  35. 35.

    Ibid, para 51.

  36. 36.

    Republic of Poland v. PL Holdings Sàrl, Opinion of Advocate General Kokott (22 April 2021) Case C-109/20, para 52.

  37. 37.

    Republic of Poland v. PL Holdings Sàrl, Opinion of Advocate General Kokott (22 April 2021) Case C-109/20, para 54.

  38. 38.

    Republic of Poland v. PL Holdings Sàrl, Judgment of the Court (Grand Chamber) (26 October 2021) Case C-109/20, para 54.

  39. 39.

    UNCTAD (2004).

  40. 40.

    Dolzer and Schreuer (2012), pp. 53, 54.

  41. 41.

    Scheu (2022), p. 28.

  42. 42.

    Müller (2022), pp. 254 et. seq.

  43. 43.

    Cf. Taton and Croisant (2019), pp. 79–80.

  44. 44.

    Cf. Taton and Croisant 2019), pp. 89–94.

  45. 45.

    Taton and Croisant (2019), p. 92.

  46. 46.

    Cf. Taton and Croisant (2019), pp. 99–107.

  47. 47.

    Cf. Judgment of the Court (9 December 1997) Case C-265/95; also cf. Taton and Croisant (2019), p. 87.

  48. 48.

    They can only be compelled through reason, cf. Schreuer (1974), pp. 681–708.

References

  • Dolzer R, Schreuer C (2012) Principles of international investment law, 2nd edn. OUP, Oxford

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  • Scheu J (2022) The idea of a multilateral investment court. In: Scheu J (ed) Creation and implementation of a multilateral investment court. Nomos, Baden-Baden, p 28 ff

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  • Müller C (2022) Recognition and enforcement of MIC decisions. In: Scheu J (ed) Creation and implementation of a multilateral investment court. Nomos, Baden-Baden, p 254 ff

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  • Taton X, Croisant G (2019) Judicial protection of investors in the European Union: the remedies offered by investment arbitration. The European Convention on Human Rights and EU Law. IJAL 7(2):9–80

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  • Schreuer C (1974) The authority of international judicial practice in domestic courts. ICLQ 23(4):681–708

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Authors and Affiliations

  1. Herbert Smith Freehills LLP, Frankfurt, Germany

    Patricia Nacimiento

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  1. Patricia Nacimiento
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Correspondence to Patricia Nacimiento .

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  1. Europa-Institut, Saarland University, Saarbrücken, Germany

    Marc Bungenberg

  2. University of Vienna, Vienna, Austria

    August Reinisch

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Nacimiento, P. (2023). Intra-EU Investor State Contracts After PL Holdings. In: Bungenberg, M., Reinisch, A. (eds) New Frontiers for EU Investment Policy. NFEIP 2022. European Yearbook of International Economic Law(). Springer, Cham. https://doi.org/10.1007/978-3-031-41977-5_9

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  • DOI: https://doi.org/10.1007/978-3-031-41977-5_9

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