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The sovereignty issues - Several decisions provide guidance regarding the rules that govern the ability of a nation to claim ownership of isolated uninhabited island features  

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THE SOVEREIGNTY ISSUES Several decisions provide guidance regarding the rules that govern the ability of a nation to claim ownership of isolated uninhabited island features--the Clipperton[ii] and Isle of Palmas[iii] arbitrations and the decisions by the International Court of Justice (ICJ) in the Minquiers and Ecrehos[iv] and Gulf of Fonseca[v] cases. Clipperton is a remote and barren atoll 600 miles south of Mexico in the Pacific Ocean which was claimed by France for its guano in 1858, but then ignored for decades because the guano was not commercially exploitable. After Mexico asserted jurisdiction over the atoll in the 1890s (claiming historic links traced back to earlier Spanish explorers), France and Mexico agreed to submit the ownership dispute to arbitration, selecting as arbitrator Victor Emmanuel, the Italian Emperor. When the decision was finally announced many decades later, in 1931, the award went to France, based primarily on its initial formal "discovery"...

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