In Defence of Member States' BITs Gold Standard: The Regulation 1219/2012 Establishing a Transitional Regime for Existing Extra-EU BITs - A Member State's Perspective
Article from: TDM 2 (2013), in EU, Investment Treaties, and Investment Treaty Arbitration - Current Developments and Challenges
Introduction
Once upon a time EU Member States ventured out into the rest of the world ne- gotiating and concluding Bilateral Investment Treaties (BITs), thereby promoting and protecting the Foreign Direct Investments (FDI) of their investors. Starting with the first BIT between Germany and Pakistan in 1959, the "BITs-programme" of the EU Member States was so successful that it has made the EU Member States the number one place for inward and outward FDI in the world. Thus, it comes as no surprise that EU Member States account together for approximately 1,200 BITs, which is ...
