ABSTRACT
Transnational natural resource development, namely development of natural resources by foreign enterprises, started in the late 19th century. This form of natural resource development grew with the rapid global industrialization and came to occupy a significant status in global natural resource development, in particular through the development of natural resources located in developing countries by multinational enterprises. Although the development of cross-border subterranean resources began in earnest in the early 1880s, international law started to focus on this topic as far back as after World War I. Nationalization of the Anglo-Iranian Oil Company by Iran after World War II triggered another peak in unilateral cancellation of agreements by host countries. International law studies were also inspired by this event and led to new developments. The majority of the disputes were finally settled by establishing a cooperative relationship based on new terms that revised the existing agreement.
