| Summary/Abstract |
Law is that domain of human regulation, which is regularly subjected to challenges and revisions. The relevance of an existing law is adjudged by its ability to cope with changes, often radical and unpredictable, relating to the subject for which it is enacted. It is a known fact that law is fifty years behind a human change. For instance, UNCLOS was codified following a more than one century of competitive claims for high sea rights. GATT is a byproduct of the Great Economic Crash.
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