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No longer in force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