CAJ | 학술논문

自上世纪中期以来,国际直接投资活动发展迅速。东道国为了吸引更多的海外投资,往往会在双边投资条约中,签订承诺保护外国投资者所有投资权利的＂保护伞条款＂。这一条款的创设,使得此后外国投资者能够以东道国违反与其签订的合同义务为由,通过＂保护伞条款＂将本属东道国国内管辖的合同争端,上升为东道国需担负国际责任的条约争端。ICSID对两个SGS案及相关系列案件的不同裁决,体现了国际仲裁庭对于＂保护伞条款＂在确定外国投资者与东道国争端管辖权中适用的态度—并无统一标准,个案区别对待的原则。因此,对于目前兼具资本输出国与资本输入国双重身份的中国而言,在签订双边投资条约时,应给予＂保护伞条款＂以更多关注,以求最大限度维护我国利益。
자상세기중기이래,국제직접투자활동발전신속。동도국위료흡인경다적해외투자,왕왕회재쌍변투자조약중,첨정승낙보호외국투자자소유투자권리적＂보호산조관＂。저일조관적창설,사득차후외국투자자능구이동도국위반여기첨정적합동의무위유,통과＂보호산조관＂장본속동도국국내관할적합동쟁단,상승위동도국수담부국제책임적조약쟁단。ICSID대량개SGS안급상관계렬안건적불동재결,체현료국제중재정대우＂보호산조관＂재학정외국투자자여동도국쟁단관할권중괄용적태도—병무통일표준,개안구별대대적원칙。인차,대우목전겸구자본수출국여자본수입국쌍중신빈적중국이언,재첨정쌍변투자조약시,응급여＂보호산조관＂이경다관주,이구최대한도유호아국이익。
since last mid-century,the international investment activities heve been extensively carried out.In order to attract more international investment,the host state always committees to perform all promises that will be good for protecting the investor when it signs the BIT.Just because of that clause,the investor will elevate the contract-based dispute to the treaty-based dispute easily.ICSID made different arbitrations for two SGS and series cases.It explains that there is no standard for the application of the ＂umbrella clause＂ during the arbitrating.The final arbitration depends on different situation of different case.Now China,is not only a capital-input country,but also a capital-output country.For the better and more rapid developing of foreign direct investment,China should pay more attention to the ＂Umbrella Clause＂.