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it's a great honor to be here so the topic i'm talking about today is an eu topic but it's also an international law topic if you want it's about european union investment policy it's about several judgments in particular of the european court of justice in recent years in in the last year or two that have potentially significantly limited the ability of the european union to enter into investment agreements to adopt rules about investment and in particular about investor state arbitration with third countries so i'm going to talk about those so what's the starting point the eu is a huge source and destination for fdi actually it's the largest in the world it has the largest inward and outward fdi stocks in the world currently the eu is itself built on the protection and liberalization of investments right so the eu internal market rules on freedom of establishment and free movement of capital in a way that's investor protection and the whole eu legal order was built on those rules th...