In a judgment handed down on Thursday, 14 March, the Court of Justice of the EU (CJEU) held that European Union law was applicable in the context of a case concerning a dispute between Romania and Swedish investors that was heard by the Supreme Court of the United Kingdom (Case C-516/22).
In February 2020, the Supreme Court of the United Kingdom authorised—pursuant to a bilateral investment treaty between Romania and Sweden (ICSID)—the enforcement of an arbitral award ordering...