This contribution discusses the main conclusions of the
CJEU’S Opinion on the EU-Singapore FTA and its impact on the EU’S investment
policy. The CJEU opined that some elements, in particular non-foreign direct
investments, the dispute settlement and transparency provisions, are of mixed
competence, which requires the ratification by the EU and all Member States.
This in turn raises several more general questions as to the future shape and
form of the EU’S investment policy. It also discusses the potential impact on
the dispute settlement architecture for Brexit. The author concludes that more
decisions by the CJEU are necessary to clarify all outstanding issues. In the
meantime, the EU’S investment policy will remain a complicated, cumbersome and
highly politicized process.