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International Law and Corporate Actors in Deep Seabed Mining (Hardcover)
Loot Price: R2,882
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International Law and Corporate Actors in Deep Seabed Mining (Hardcover)
Series: Oxford Monographs in International Law
Expected to ship within 12 - 17 working days
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The deep seabed beyond national jurisdiction (known as the Area)
comprises almost three-quarters of the entire surface area of the
oceans, and is home to an array of prized commodities including
valuable metals and rare earth elements. In recent years, there has
been a marked growth in deep seabed investment by private corporate
actors, and an increasing impetus towards exploitation. This book
addresses the unresolved legal challenges which this increasing
corporate activity will raise over the coming years, including in
relation to matters of common management, benefit-sharing, marine
environmental protection, and investment protection. Acting under
the United Nations Convention on the Law of the Sea (UNCLOS), the
International Seabed Authority is responsible for regulating the
Area for the benefit of humanity and granting mining contracts. A
product of its history, the UNCLOS deep seabed regime is an
unlikely hybrid of capitalist and communist values, embracing the
role of private actors while enshrining principles of resource
distribution. As technological advances begin to outstrip legal
developments, this book assesses the tension between corporate
commercial activity in the Area and the achievement of the common
heritage.
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