ABSTRACT
The Aegean continental shelf dispute mostly involves legal elements in its conception. In a period which witnesses increasing prospects for a judicial settlement of the Aegean disputes, the continental shelf dispute is inevitably in the forefront for submission to the ICJ. This has been a further and stronger indication that the settlement will be depended basically on the relevant rules and principles of international law. This chapter reviews firstly the legal arguments raised by the two States as to the delimitation law and its application to the Aegean Sea. It also reviews the way in which the delimitation law, which has already been identified, is applied by international courts. The chapter argues that some areas licensed were Greek continental shelf areas under international law. It shows that the customary law provides that delimitation be affected by the concept of "equity" or "equitable principles" through an agreement between the States concerned.
