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Regulation (EU) No 912/2014 of the European Parliament and of the Council of 23 July 2014 establishing a framework for managing financial responsibility linked to investor-to-state dispute settlement tribunals established by international agreements to which the European Union is party article 15 CELEX: 32014R0912 Settlement of disputes concerning treatment afforded exclusively by a Member State where the Member State wishes to settle
1. Where the Union is the respondent in a dispute exclusively concerning treatment afforded by a Member State, the Member State concerned may propose to settle a dispute where: (a) the Member State concerned accepts any potential financial responsibility arising from the settlement; (b) any settlement arrangement is enforceable only against the Member State concerned; and (c) the terms of the settlement are compatible with Union law. 2. The Commission and the Member State concerned shall enter into consultations to evaluate a Member State’s intention to settle a dispute. |
Regulation (EU) No 912/2014 of the European Parliament and of the Council of 23 July 2014 establishing a framework for managing financial responsibility linked to investor-to-state dispute settlement tribunals established by international agreements to which the European Union is party article 15 CELEX: 32014R0912 3. The Member State concerned shall notify the Commission of the draft settlement arrangement. The Commission shall be deemed to have accepted the draft settlement arrangement unless, within 90 days following the notification of the draft settlement by the Member State, it decides otherwise by means of an implementing act adopted in accordance with the advisory procedure referred to in Article 22(2), on the grounds that the draft settlement does not meet all of the conditions set out in paragraph 1 of this Article. When the draft settlement is accepted, the Commission shall take all necessary steps to make the settlement arrangements effective. |