Intra-EU Investment Arbitration: Frankfurt Court of Appeals Finds BIT-Based Arbitration Inadmissible

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An Austrian and a Croatian bank commenced arbitral proceedings against the Republic of Croatia seeking damages on the basis of the 1999 Agreement between the Republic of Austria and the Republic of Croatia for the Promotion and Protection on Investments (BIT); the arbitral tribunal was to be seated in Frankfurt am Main. Croatia applied to the Frankfurt Court of Appeals (Oberlandesgericht) to find that the arbitral proceedings were inadmissible (Sec. 1032 para. 2 German Code of Civil Procedure, ZPO). Croatia relied on the 2018 Achmea decision of the European Court of Justice (ECJ) – the well-known case which also originated in the Frankfurt Court of Appeals and came to the ECJ via a reference from the German Federal Supreme Court (Bundesgerichtshof). Continue reading

Goethe University, Frankfurt: German & International Arbitration Course, Summer Term 2021

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Goethe University’s Law School has just announced the details for this year’s course in German and International Arbitration. As you would expect, this year’s edition will be completely virtual, so it might be of interest to students outside Frankfurt as well. Here is the course announcement: Continue reading

Hard Brexit for Judicial Cooperation: No Revival of Brussels, Rome Conventions

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Given the activities of the Advisory Commission, with two recommendations and a press release on a default with a couple of weeks, the blog has been rather art law-heavy recently. So for a change, let’s revisit another recurring theme: Brexit! Over at legal twitter, Professor Steve Peers published a “thread on where we stand with EU conclusion of the Brexit deal, based on internal unpublished Council documents.” One of these documents Professor Peers shared is a letter of the UK Mission to the European Union dated 29 January 2021. It reads, in its relevant part, as follows: Continue reading

Art Law: New Recommendation of the Advisory Commission in Rieger v. City of Cologne

From its beginning in 2005 until 2020, the Advisory Commission has issued a total of 18 recommendations, and with one exception, it has never issued more that two recommendations in one year – in 2016, three recommendations were handed down. Given its start into 2021, the Advisory Commission might be on track for a new record. It  started with two recommendations within a couple of days: On 2 February 2021, the Advisory Commission published its decision in Max Fischer v. Staatliche Kunsthalle Karlsruhe, followed by a second recommendation in Heinrich Rieger v. Stadt Köln on 8 February 2021. Continue reading