Research Handbook on Foreign Direct Investment
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Research Handbook on Foreign Direct Investment

Edited by Markus Krajewski and Rhea T. Hoffmann

Increasing international investment, the proliferation of international investment agreements, domestic legislation, and investor-State contracts have contributed to the development of a new field of international law that defines obligations between host states and foreign investors with investor-State dispute settlement. This involves not only vast sums, but also a panoply of rights, duties, and shifting objectives at the juncture of national and international law and policy. This engaging Research Handbook provides an authoritative account of these diverse investment law issues.
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Chapter 15: Central and Eastern Europe

Lénárd Sándor

Abstract

This chapter offers an overview on what roles foreign investments as well as international investment agreements have played in Central and Eastern European (CEE) countries, what motivations drove CEE countries to conclude such agreements, and how this new area of law might have shifted the regulatory priorities in the region. The chapter offers a precise analysis on the historical and economical context in which CEE countries joined the international investment regime as well as the basic types of IIAs and their typical provisions they have concluded in the past quarter century. It focuses on the number and nature of the relevant ISDS cases along with their impacts on CEE countries. The chapter attempts to explore the unique dilemma of ‘intra-EU BITs’ posed by a growing network of BITs between European countries. Last but not least, the chapter tries to outline the potentially relevant impacts of the evolving external investment competence of the EU.

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