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EUROPEAN COMMISSION PROVIDES GUIDANCE ON THE PROTECTION OF CROSS-BORDER EU INVESTMENTS IN LIGHT OF THE CONTINUED DEVELOPMENT OF THE CAPITAL MARKETS UNION
Date: 1st August 2018 Author: BETTER FINANCE With its Communication of July 19, the European Commission reaffirmed the illegality of intra-EU bilateral investment treaties(intra-EU BITs) and stated that ”EU investors cannot invoke intra-EU BITs, which are incompatible with Union law and no longer necessary in the single market’’. Intra-EU BITs