GET PREPARED FOR THE DISCUSSION (4)
Discussion 4: problem question on p. 127
State A enters into a bilateral agreement with State B, which provides for the joint exploration and exploitation of resources within their continental shelf. After several years, State A faces un unprecedented and unforeseen economic crisis; its government decides that is should retain for the survival of its population the profits from the exploitation of the joint continental shelf. In response, State B, without any warning, freezes all the assets of nationals of State A within its territory; it also forcibly invades and occupies a small island belonging to State A.
1) Does State A have a right to stop sharing the profits of the joint venture on its continental shelf in light of the economic crisis?
2) Does State B have the right to freeze the assets and occupy the islands of State A?
If you wish, you can post here the text you write in preparation for the discussion that will happen in class.