The ECJ has confirmed in its "Komstroy" decision that intra-EU arbitration under the ECT is contrary to peremtory EU law and that ensuing awards are ineffective within the EU. The article submits that this incompatibility does not affect intra-EU arbitration under the ECT ab initio, but is due to the Lisbon Treaty (2007) formal acknowledgement of the primacy of EU law in Declaration n.17. In this respect the Lisbon Treaty operates under international law ( the only parameter relevant for ICSID tribunals to resolve the conflict) as an "inter se" agreement under Article 41 of the Vienna Convention on the Law of treaties, derogating to Article 26 ECT between the EU Member States, thus depriving ECT investment tribunals of their jurisdiction since its entry into force in 2009
After Komstroy. Have the EU Member States Withdrawn by the Lisbon Treaty, as an Inter-se Agreement under Article 41 VCLT, their Consent to ICSID Jurisdiction on ECT Intra-EU Investment Disputes?
Sacerdoti, Giorgio
2024
Abstract
The ECJ has confirmed in its "Komstroy" decision that intra-EU arbitration under the ECT is contrary to peremtory EU law and that ensuing awards are ineffective within the EU. The article submits that this incompatibility does not affect intra-EU arbitration under the ECT ab initio, but is due to the Lisbon Treaty (2007) formal acknowledgement of the primacy of EU law in Declaration n.17. In this respect the Lisbon Treaty operates under international law ( the only parameter relevant for ICSID tribunals to resolve the conflict) as an "inter se" agreement under Article 41 of the Vienna Convention on the Law of treaties, derogating to Article 26 ECT between the EU Member States, thus depriving ECT investment tribunals of their jurisdiction since its entry into force in 2009I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.