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BITs中的ICSID仲裁条款是ICSID管辖权的依据。当BITs与有关投资协议在争端解决方面做出不同规定时,ICSID倾向于根据BITs确认其具有管辖权。投资者能否根据BITs或相关国际条约中的最惠国待遇条款诉诸ICSID尚无定论,这使得ICSID享有广泛的自由裁量权。保护伞条款可能导致合同义务转变为条约义务,为投资者增加救济途径的同时加重了东道国的负担。中国的BITs实践应该审慎考虑上述风险。
The ICSID arbitration clause in BITs is the basis for ICSID jurisdiction. When BITs make different provisions in their dispute settlement with the investment agreement concerned, ICSID prefers to confirm that it has jurisdiction over BITs. Whether investors can resort to ICSID under the most-favored-nation clause in BITs or related international treaties is inconclusive, which gives ICSID broad discretion. The umbrella clause could lead to the conversion of contractual obligations into treaty obligations, adding relief to investors while increasing the burden on host countries. China’s BITs practice should carefully consider the above risks.