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UPDATED. Following two arbitrations and a conciliation under the auspices of the Permanent Court of Arbitration in The Hague, Australia and East Timor have signed a treaty to end a bitter dispute over their maritime boundary in the area of a US$40 billion offshore oil and gas field.
06 March 2018
East Timor is to terminate a treaty with Australia governing the exploitation of oil and gas reserves in the Timor Sea, potentially paving the way for the settlement of a maritime boundary dispute that has spawned espionage allegations and multiple proceedings in The Hague.
10 January 2017
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