24 October 2016
By Markus Burgstaller and Agnieszka Zarowna
Following the referendum on 23 June 2016 the UK’s Prime Minister has recently indicated that the UK will invoke Article 50 of the Treaty on European Union (“TEU”) by the end of March 2017. It is expected that within two years from then the UK will withdraw from the EU.
In this entry we consider potential ramifications of the UK’s withdrawal from the EU on its investment treaty regime. In particular we ask whether Brexit would be good for UK investors abroad: first, with respect to the UK’s intra-EU BITs and second, with respect to the UK’s extra-EU BITs. We also consider whether Brexit could have negative ramifications, in particular in the form of potential claims against the UK.
Jurisdictions: United Kingdom