The aim of this seminar is first of all to give an overview of the role of investment contracts in general, followed by a retrospective of the legal situation of FDI before the tol and an analysis of the current legal framework. On the basis of primary and secondary sources, the scope of the EU`s exclusive LDX jurisdiction under Article 206/207 of the TFUE and legal implementation issues are discussed at the heart of the issue of financial responsibility within ISDS. The purpose of the treatment of the legal status of bilateral investment contracts (ILOs) by Member States is to analyse the legal basis of the Austrian Nigerian Agreement on Investment Promotion and Protection, approved by GEUG and concluded by the Republic of Austria in 2013. In this context, it will be interesting to assess the potential for the presentation of this agreement to become a kind of third-country model of the Union`s eu-18 countries and to what extent the content of the agreement would fall within the competence of the Union`s direct investments. Trade and investment are distinct but interdependent concepts, with the essential difference that the former have a higher degree of regulatory uniformity. The WTO and its multilateral legal frameworks, such. B that THE GATT and GATS provide a common basis for most trade liberalization issues and partly cover investment-related issues. However, with unsatisfactory progress in trade liberalization in the Doha Rounds, regional trade agreements and preferential bilateral agreements are becoming more frequent. Nevertheless, the level of uniformity is low due to the lack of a multilateral standard for investment regulation. Thus, there is a great dispersion of international investment law due to many different investment agreements with different levels of protection, always depending on the constellation of contracting parties. This also applies to the Member States of the European Union, where until now there has been “a fairly large and atomized universe of investment agreements”.

[4] The conference will focus on issues relating to the EU`s competence in the negotiations of EU investment protection contracts with third countries, the importance of the dispute settlement clause in future EU investment protection contracts and the status of Member States` investment insurance systems.