O parecer 1/17 e a reforma da arbitragem investidor-Estado: autonomia a quanto (mais) obrigas?

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Abstract

This text aims to explain the link between the autonomy of the EU legal order, as developed by the Court of Justice, and the reform Investor-state arbitration is currently undergoing. The design of the new investment treaties – in particular, the Comprehensive Economic Trade Agreement (CETA) – reveals that the EU’s strategy is to bring down any chance of judicial dialogue between European Union law and international investment law. Said strategy is also about setting in advance the balancing results between investors’ rights and the State’s “right to regulate”, that is, Host State’s sovereign power to issue rules that affect the entry and development of investment activities. Thus, we intend to demonstrate that the reform path put forward by the European Union regarding investment-state arbitration is aimed at ensuring the conditions of the autonomy of its legal order. Said reform consists in curtailing investment courts and tribunals’ competence to call into question the level of protection of the public interest defined by a European Union’s legislative act.
Original languagePortuguese
Pages (from-to)75-110
Number of pages36
JournalCatólica Law Review
Volume5
Issue number1
DOIs
Publication statusPublished - 2021

Keywords

  • Arbitration
  • Investment treaties
  • Foreign direct investment
  • Opinion 1/17
  • Autonomy
  • CETA
  • Judicial dialogue
  • Preliminary ruling
  • Mutual trust
  • Binding interpretations
  • Direct effect
  • Gold standard
  • Right to regulate

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