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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">tal</journal-id><journal-title-group><journal-title xml:lang="ru">Теоретическая и прикладная юриспруденция</journal-title><trans-title-group xml:lang="en"><trans-title>Theoretical and Applied Law</trans-title></trans-title-group></journal-title-group><issn pub-type="epub">3034-2813</issn><publisher><publisher-name>СЗИУ РАНХиГС</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.22394/2686-7834-2023-3-37-44</article-id><article-id custom-type="elpub" pub-id-type="custom">tal-299</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>СТАТЬИ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>ARTICLES</subject></subj-group></article-categories><title-group><article-title>Государственные компании как инвесторы: международно-правовое регулирование</article-title><trans-title-group xml:lang="en"><trans-title>The State-Owned Entities as Investors: The International Legal Framework</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-6417-4195</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Андреева</surname><given-names>Н. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Andreeva</surname><given-names>N. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Андреева Наталья Сергеевна, аспирант, юрист практики разрешения споров и практики международного арбитража</p><p>Москва</p></bio><bio xml:lang="en"><p>Natalia S. Andreeva, postgraduate student, Dispute Resolution and International Arbitration Practice of Better Chance JSC</p><p>Moscow</p></bio><email xlink:type="simple">nat.s.andreeva@gmail.com</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Национальный исследовательский университет «Высшая школа экономики»; АО «Лучший выбор»</institution><country>Россия</country></aff><aff xml:lang="en"><institution>National Research University Higher School of Economics; Better Chance JSC</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2023</year></pub-date><pub-date pub-type="epub"><day>29</day><month>09</month><year>2023</year></pub-date><volume>0</volume><issue>3</issue><fpage>37</fpage><lpage>44</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Андреева Н.С., 2023</copyright-statement><copyright-year>2023</copyright-year><copyright-holder xml:lang="ru">Андреева Н.С.</copyright-holder><copyright-holder xml:lang="en">Andreeva N.S.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://www.taljournal.ru/jour/article/view/299">https://www.taljournal.ru/jour/article/view/299</self-uri><abstract><p>В данной статье автор исследует понятия государственных компаний в практике международных организаций, а также различные подходы к вопросу распространения статуса инвестора на государственные компании согласно международным инвестиционным соглашениям. В результате анализа автор формулирует признаки государственных компаний как инвесторов в международно-правовом контексте, а также устанавливает, что в абсолютном большинстве случаев государственные компании не исключены из понятия инвестора, а значит, на них должна распространяться защита международных инвестиционных соглашений.</p></abstract><trans-abstract xml:lang="en"><p>In this article, the author examines the notion of state-owned entities in the practice of international organisations, and the different approaches to the extension of investor status to state-owned entities under international investment agreements. As a result of the analysis, the author formulates the characteristics of state-owned entities as investors in the international legal context and establishes that in the vast majority of cases state-owned entities are not excluded from the investor concept, and therefore shall be covered by the protection of international investment agreements.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>государственные компании</kwd><kwd>инвесторы</kwd><kwd>инвестиции</kwd><kwd>международные инвестиционные соглашения</kwd></kwd-group><kwd-group xml:lang="en"><kwd>state-owned entities</kwd><kwd>investors</kwd><kwd>investments</kwd><kwd>international investment treaties</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Гармоза А. П. Арбитраж на основании международных инвестиционных соглашений: вопросы компетенции. 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