ISDS Case Map
Austria
Trump’s global tariffs are persuading Austria to change its mind on a trade agreement between the European Union and the Mercosur bloc that it had long opposed.
A number of EU countries spoke out against reviving the EU-Mercosur trade deal during a meeting of agriculture ministers in Brussels on Monday 20 March. But with an agreement already hammered out, room for change is limited.
Agriculture Minister said he opposes the EU-Mercosur trade agreement during the Agriculture Council in Brussels on despite alleged industry pressure on the minister in charge of giving Austria’s final decision.
AMIC Energy, an Austrian private equity firm, is threatening to sue Ukraine based on the Energy Charter Treaty after its assets were seized by Kyiv over the company’s close ties to Russia.
The Bureau of Economic Security of Ukraine (ESBU) seized the assets of one of Ukraine’s largest fuel retailers, AMIC Ukraine, the local subsidiary of AMIC Energy, an Austrian private equity firm.
The Higher Regional Court held that there was no room for reasonable doubt that the arbitration clause in the Croatia - Austria BIT was invalid based on the rulings in Achmea.
Austria reaffirmed its veto of the trade agreement between the European Union and Mercosur, and asked Portugal to avoid any “possible attempt” to the pact enters into force in its current form.
Austria has thrown the European Union’s decades-long Mercosur trade talks into disarray after the country’s new government will not support the pact in its current form.
In a decision that’s binding for the government, almost all parties on the parliament’s EU subcommittee voted against the deal with the Mercosur free-trade zone.
EVN and Bulgaria reached an out-of-court settlement, under which part of the claims regarding the remuneration obligations for renewable energy were offset between a Bulgarian EVN subsidiary and the Bulgarian state-owned National Electricity Company.
