New European regulation clarifies the status of extra-European bilateral investment treaties

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On 12 December 2012, the European Union issued Regulation (EU) No. 1219/2012 (the Regulation) establishing transitional arrangements for bilateral investment treaties (BITs) between Member States and third countries. The Regulation, which entered into force on 9 January 2013, provides investors with some clarity regarding the status of BITs entered into by EU Member States and non-EU States following the Lisbon Treaty.

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