Law360: It has been announced that an international arbitral tribunal has dismissed Sergei Pugachev’s multibillion-dollar investment treaty arbitration claim accusing Russia of seising his investments in the country, concluding that it lacked jurisdiction since the investor was not a French citizen at the time he made his investments.
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Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its legislation in respect of the financial services sector. However, Directives, allowing Member States greater flexibility in how they implement
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