國際投資仲裁准據法的平衡適用論

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

我國簽訂的雙邊投資保護協定中對於准據法的選擇大多採用複合模式，帶有很強的“戰略模糊性”，因此，有必要研究投資爭議中國際法與東道國國內法各自的法律功能以及兩者之間的適用關係。從已有投資仲裁判例所呈現出來的規律來看，應從利益分配的實體視角出發，在投資協定的框架下追求東道國與投資母國之間的利益協調最大化。仲裁庭在准據法適用時應承認和尊重東道國國內法中所體現的公共利益，通過形式判斷、實體解構和程序保障三個維度實現准據法的適用平衡。

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.