国际投资仲裁准据法的平衡适用论

On the Balanced Application of the Applicable Law in International Investment Arbitration

我国签订的双边投资保护协定中对于准据法的选择大多采用复合模式,带有很强的“战略模糊性”,因此,有必要研究投资争议中国际法与东道国国内法各自的法律功能以及两者之间的适用关系。从已有投资仲裁判例所呈现出来的规律来看,应从利益分配的实体视角出发,在投资协定的框架下追求东道国与投资母国之间的利益协调最大化。仲裁庭在准据法适用时应承认和尊重东道国国内法中所体现的公共利益,通过形式判断、实体解构和程序保障三个维度实现准据法的适用平衡。

The choice of applicable law clauses in most BITs signed by China have the characteristics of“strategic ambiguity”.Therefore,it is necessary to confirm the respective legal functions and the relationship of China’s international law and the host state’s municipal law in investment disputes.Based on the laws of the existing investment arbitration cases,it is considered that the interest coordination between the host state and the investment home country should be maximized from the entity perspective of interest distribution under the framework of investment agreement.When applying the applicable law,the arbitral tribunal should recognize and respect the public interests embodied in the municipal law of the host state,and realize the application balance of the applicable law through three dimensional paths,namely formal judgment,substantive deconstruction and procedural guarantee.