保护伞条款要求缔约东道国应该遵守其对另一缔约方投资者的投资所承担的任何义务。本文通过对保护伞条款形成与发展的背景介绍,通过分析和比较ICSID仲裁庭以及学界对保护伞条款适用的三种解释方法,对我国的涉外投资尤其是双边投资争议的解决提出相应建议。 The umbrella clause requires the host State of the contracting party to comply with any of its obligations with regard to its investments in the investors of the other contracting party. Based on the background introduction of the formation and development of the umbrella clause, this article analyzes and compares the three interpretation methods applied by the ICSID arbitration tribunal and academia to the umbrella clause, and puts forward corresponding suggestions on the settlement of the foreign investment in our country, especially the bilateral investment dispute.