• Journal of the Korean association of regional geographers
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• v.10 no.2
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• pp.371-388
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• 2004

EU is enlarging geographically by the process of expansion and is intensifying the economic bloc by the formation of European Union and European Monetary Union. This situation increases the direct investment in the intra-EU members and changes the intra-EU flows. First, EU is formed by the economic geographical space of the North and the South with a differentiation of economic factors and the degree of economic development. The North played a leading role for an augmentation of the intra-EU direct investment after the formation of EU. Second, the manufacturing industry of the intra-EU direct investment by industry was increased remarkably. In the intra-EU direct investment flow by region and industry, the South made relatively an outflow of the service industry and an inflow of the manufacturing industry. But the North made an outflow of the manufacturing industry and an inflow of the service industry. Third, in the intra-EU direct investment flows by manufacturing industry, the North concentrated in the petro-chemistry, metal-machinery and agro-food industry, however, the South which have relatively weak competitiveness compared to the North tends to show balanced investment patterns in all industries.

• Journal of Arbitration Studies
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• v.28 no.2
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• pp.201-216
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• 2018

After the adoption of the Lisbon Treaty, the European Union's Common Commercial Policy now belongs to the exclusive competence area of the EU, including the foreign direct investment (FDI) policy. Regarding the bilateral investment protection treaties (BITs) between the EU Member States, the European Commission is of the view that such BITs should be discarded. On March 6, 2018, the Court of Justice of the European Union (CJEU) held in the Achmea BV v. Slovakia case that a BIT between the EU Member States, as well as arbitral awards based on that BIT, is not subject to request for preliminary rulings under the Treaty on the Functioning of the European Union (TFEU), and thus they are not compatible with the EU law. However, the judgment did not silence the controversy. Instead, many people questioned the legal reasoning and the legitimacy of judgment, and therefore the problem is still ongoing.