Joanna Osiejewicz

Global Governance of Oil and Gas Resources in the International Legal Perspective


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dispute resolution provisions regarding mineral deposits in the sea and ocean beds contained in the UN Convention on the Law of the Sea (1982).105 However, it should be noted that this legal status is conditional because it depends on the prior approval of the corporation’s state of origin to comply with the treaties and, in the case of the law of the sea, on financing of a given enterprise by the state. Finally, reference should be made to the development of the concept of “mankind”, which covers both present and future generations. In international law, with regard to the oceans, the cosmos and the global environment, laws and powers fall to mankind as such.106