193 ARBITRATION LAW EU institutions are bound by the ECT.14 Blocking referral to arbitration in ECT disputes, which is a right derived from the ECT, should not be in the hands of an EU institution which is in fact legally bound by the provisions of that multilateral treaty. 14 Article 216/2 TFEU: “Agreements concluded by the Union are binding upon the institutions of the Union and on its Member States.”
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