CONFLICT OF LAWS.net: German Federal Court of Justice (Bundesgerichtshof) requests ECJ to give a ruling on the validity of arbitration agreements in Bilateral Investment Treaties amongst Member States (MATTHIAS WELLER)

CONFLICT OF LAWS.net: MATTHIAS WELLER, German Federal Court of Justice (Bundesgerichtshof) requests ECJ to give a ruling on the validity of arbitration agreements in Bilateral Investment Treaties amongst Member States

Slovakia and the Netherlands concluded a BIT in 1992 which included an arbitration agreement for disputes between foreign investors and one of the contracting parties. Slovakia became a EU member state in 2004. Later, a health insurance company from the Netherlands that had operated on the Slovakian market obtained an award from an arbitral court in Frankfurt, Germany, granting € 22 million damages against Slovakia.

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