23 EU members scrap outdated investment treaties

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A broad agreement to officially terminate old “intra-EU BITs” – the intra-EU bilateral investment treaties that have ceased to be effective under EU legislation anyway – may make the European regulatory scenery easier to overlook. 

While a pure formality for most, the move could simplify the picture for those who work close to the legal details of cross-border investment regulations. A termination agreement signed by 23 EU member states on 5 May will put an end to all bilateral investment treaties between them – upon their ratifications in each country. 

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