Two major events have taken place recently
regarding the situation of Bilateral Investment Treaties concluded between
European Member States (“Intra-EU BITs”) and Bilateral Investment Treaties
concluded between an European Member State and a State not Member of the EU
(“Extra-EU BITs”). The fate of these agreements was surrounded up until now by
a veil of uncertainty.

Laurence Burger, “Latest Developments Concerning European Bilateral Investment Treaties”, www.kluwerarbitrationblog.com, December 17, 2012.