Australia and Timor Leste have reached agreement on the joint maritime border, resolving a long-running dispute over oil and gas exploration rights in the Timor Sea. The agreement was reached under the auspices of the Permanent Court of Arbitration, an international agency established in 1899 to resolve amicably disputes between nations. The court depends on the voluntary agreement of nations to accept its authority, and so far, 121 countries have accepted its jurisdiction. It was the fir…
