Draco dormiens nunquam titillandus: the uncertain dynamics of dispute settlement and investment protection in the post-Brexit era

Ana Amorín Fernández, Alberto Fernández Matía, Anna Maria Sánchez Santana.

2021 Investment Arbitration Outlook Uría Menéndez, n.º 8

On 1 May 2021, the Trade and Cooperation Agreement (‘TCA’) finally entered into force. The TCA, which was signed almost at the last minute on 30 December 2020 and applied provisionally between 1 January 2021 and 30 April 2021, is the international treaty that frames the economic conditions of the EU-UK relationship from the end of the Brex it transition period onward. It also marks the final chapter of one of the most complex multilateral negotiations of the modern era. As a result of its ratification and entry into force, the TCA definitively joins the Withdrawal Agreement (‘WA’), which has been in force since 1 February 2020.

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