The Power of Sunset Clauses Put to the Test: Can Intra-EU BITs Be Back from the Dead?

The beginning of May 2020 marked a tectonic shift in the field of investment arbitration. On 5 May 2020, 23 EU Member States signed a plurilateral agreement to terminate the nearly 130 intra-EU bilateral investment treaties (“intra-EU BITs”) in force between them (“Termination Agreement”).

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