리스본조약 발효 이후 EU의 국제투자관련 권한의 변경

This paper discusses legal issues arising from the transfer of the competence on FDI from its member states to the EU. The issues analysed in this paper are as follows:1) Whether the competence of the EU on "foreign direct investment" (FDI) as provided in the Treaty of Lisbon may be expanded to include portfolio investment?2) Whether the EU's competence on FDI may be applied to the taking of measures on the protection of foreign investment?3) Whether the extra-EU BITs are automatically terminated by the entry into force of the Lisbon Treaty?4) Whether the intra-EU BITs are incompatible with the EU's competence on the FDI?5) Some legal issues arising from the ISDS provided in the BITs to which the EU is a contracting party. The answers conclusions to these issues provided in this paper are as follows1) It is difficult to accept the contention that EU competence on the includes portfolio investment. 2) As the measures on the protection of the FDI are relevant to the decision of investment, EU's competence on FDI should be interpreted to expand to taking measures on the treatment of the FDI. 3) EU enacted the 2012 Regulation, to deal with the validity of the extra-EU BITs in practical and progressive manner. 4) Even if no official document is adopted, the EU will find practical solution on the validity of the intra-EU BITs. The existing intra-EU BIT will remain effective. 5) The 2014 Regulation provides the guideline on the two issues: who is financially responsible for the arbitral award and who become the respondent in the ISDS provided in the BITs to which the EU is a contracting party. But the problem of how the EU is accessible to the ICSID is still not resolved.