Sunset Clauses in International Law and their Consequences for EU Law
PE 703.592
15
‘triangular treaties’ because they are agreed between sovereign states but they also create enforceable
rights for third-party beneficiaries, the investorAs it will be seen below with more detail, most bilateral investment agreements include
two sunset
clauses, which are sectional. The primary sunset clause with a short duration prescribes the expiration
of the provisions of the agreement for the Contracting Parties (and for future investors), and the
secondary sunset clause with a longer duration prescribes the expiration of
the provisions of the
agreement for investments already made.
Consequently,
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