英文摘要 |
The launch of Singapore Convention is another milestone in the diversified resolution of international commercial disputes. The commercial reservation clause in Article 8 focuses on the commercial nature of the disputed subject, and is also known as ''public agency reservation''. As the Working Group had drawn on and continued the practice of the New York Convention with regard to the application of public agencies, it had objectively created a contextual flaw in the commercial reservation clause and the scope of application of the Singapore Convention, and the true meaning of the reservation needed to be clarified by means of historical and systemic interpretation. The Singapore Convention could be applied to the settlement agreement concluded in investor-state dispute settlement. The subjective purpose of declaring the commercial reservation is not consistent with the objective effect, and China's renunciation of its commercial reservation would be more in line with Chinas national interest. It might be advisable to renounce it with a more open attitude, at the same time remaining sober and trying to improve the necessary institutional links, so as to make adequate preparations for the formal entry into force of the Convention in China. |