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在“Bilcon诉加拿大案”中,投资者合理期待的保护与东道国政治风险的抗辩成为国际投资法领域的热点问题。投资仲裁实践集中于合理期待的有效来源和投资者对一般法律政策的稳定期待与东道国规制权间的紧张关系。因此,我国在设计投资务款时,应当厘清合理期待的范围并考虑政治风险纳入例外条款的可能性,以此保护投资者利益并为东道国实施法律政策保留必要空间。
In “Bilcon v. Canada”, the defense of investor’s legitimate expectations and the political risk of the host country became a hot issue in the field of international investment law. The practice of investment arbitration focuses on the effective sources of reasonable expectation and the tension between investor expectations of general law and policy and the regulatory power of host countries. Therefore, when designing the investment service, our country should clarify the scope of reasonable expectation and consider the possibility of including political risk in the exception clause so as to protect the interests of investors and reserve the necessary space for the host country to implement the legal policy.