The case concerns a dispute related to the issue of intra-EU objection. In the past years, EU Member States have increasingly started to contest the ability of international tribunals to rule on intra-EU disputes. This comes as a result of CJEU’s Achmea decision, whereupon the Court ruled that arbitral tribunals constituted under intra-EU investment agreements … Continue reading The issue of intra-EU objection: has it become a failed dialogue? An example from Infracapital v Spain
Category: Investment Arbitration
Karolina Grabowska, 'Symbol of the European Union on Banknote' (2020) <https://www.pexels.com/photo/symbol-of-european-union-on-banknote-4386152/> accessed 08 November 2021. Background of the dispute The dispute arose in 2017 between a group of UK nationals who own the majority of the shares of a Latvian bank called AS PNP Banka (previously called AS Norvik Banka) on the one side and … Continue reading Case note: AS PNP Banka and others v. Latvia, decision on jurisdiction