By Dr Cosmin Vasile, Violeta Saranciuc (Zamfirescu Racoti & Partners, Bucharest)
On 24 March 2017, Law No. 18/2017 approving the termination of the bilateral investment treaties (BITs) between Romania and the European Union Member States came into force in Romania. The law targets 22 BITs entered with Austria, Bulgaria, Czech Republic, Cyprus, Croatia, Denmark, Greece, Finland, France, Germany, Lithuania, Latvia, Luxembourg, Poland, UK, Portugal, Netherlands, Slovakia, Slovenia, Spain, Sweden and Hungary.
The sole article of the law approves the termination of these BITs by consent or by denunciation.
Continue reading Eyes on Romania As It Enacts a Law Approving the Termination of All Intra-EU Bilateral Investment Treaties
Harout Jack Samra is an attorney in DLA Piper’s international arbitration practice. He has experience in proceedings administered under the International Chamber of Commerce (ICC), International Centre for Dispute Resolution (ICDR), United Nations Commission on International Trade Law (UNCITRAL) and International Centre for Settlement of Investment Disputes (ICSID) arbitration rules. Harout is a magna cum laude graduate of the University of Miami School of Law. He also received B.A. (cum laude) and M.B.A. degrees from the University of Miami.
Continue reading Tips from the top: Young ICCA interviews Harout Samra
By Victor Looi
The Singapore International Arbitration Centre (“SIAC”) revised its arbitration rules earlier this year as part of its efforts to be among the world’s leading arbitration institutions. Numerous key changes were made to enhance the efficiency and cost effectiveness of arbitration. This blog examines several new or changed provisions in the SIAC Rules 2016 that are of great relevance to arbitration practitioners and users alike.
Continue reading Staying Relevant and Well-Regarded: Changes to the SIAC Rules
by Ruth Marie Mosch at Mosch Legal
The EU-Vietnam Free Trade Agreement (“FTA”) is meant to ensure sustainable growth by liberalising trade and securing stable jobs. Negotiations on the FTA have been concluded and the text of the Treaty has recently been published.
The FTA implements a new approach to investment protection by ensuring the EU’s and Vietnam’s right to regulate and to pursue legitimate public policy objectives such as the protection of health, safety or the environment.
Since the Treaty of Lisbon entered into force on 1 December 2009, foreign direct investments have been included in the competence of the EU’s commercial policy. Since then, foreign investment has become part of free trade agreements negotiated by the EU. Accordingly, existing bilateral investment treaties (BITs) between Vietnam and EU member states will be replaced by the FTA once it enters into force.
Continue reading Investment Arbitration in the EU-Vietnam Free Trade Agreement – The Times They Are a Changin’
By Dr. Jur. Ihab Amro (Professor of Private Law and a practicing lawyer and an arbitrator; Ph.D. Athens, Greece).
This post examines firsthand whether online arbitration agreements (‘e-arbitration agreements’) and online arbitral awards (‘e-arbitral awards’) can be enforced in national courts under the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 (hereafter ‘The NYC’) despite the fact that there is no direct indication to the enforcement of such agreements and awards in this convention.
Continue reading Enforcement of Cross-Border Online Arbitral Awards and Online Arbitration Agreements in National Courts