Austria – Promotion and Mutual Protection of Investments Agreement
Country/Organisation
Austria
Signed
Signed
Signed Date
29/05/2002
Ratified
Ratified
Ratified Date
15/10/2003
Entry into force
No longer in force
Entry into force Date
01/03/2004
Current Legal Status
Suspended by EU legislation
Type
Memorandum of Understanding
Following the ECJ decision on the Achmea vs Slovak Republic case (C 284/16) that ruled that arbitral investment clauses in that intra-EU Bilateral Investment Treaties are contrary to EU law, Malta together with the other EU Member States committed to terminate their intra-EU BITs, as per ‘Declaration of the Member States of 16 January 2019 on the enforcement of the judgement of the Court of Justice in Achmea and on investment protection in the European Union’. Malta and Austria bilaterally terminated the Bilateral Investment Treaty between them on 1 March 2022
