On 3 November, the Czech Republic became the final EU Member State to sign the Lisbon Treaty. The Treaty became law throughout the EU when it entered into force on 1 December 2009. Crucially, this gives the EU expanded powers to act on the world stage, including the ability to enter into treaties. This potentially has a wide ranging impact upon the framework for foreign investment within Europe and the protection of European companies' investments overseas. Nevertheless, on 1 December, Germany entered into its new Bilateral Investment Treaty ("BIT") with Pakistan in its own right. It is as yet unclear whether individual Member States will continue to negotiate BITs in spite of the Treaty. For further discussion in this regard, please click here.