International business law

The case:

Recognition of States
On July 20, 1974, Turkey invaded Cyprus to “protect” its minority Turkish population, occupying approximately the northern third of the island nation. On November 15, 1983, following a failure of negotiations between Turkey and Cyprus, the area under the control of the Turkish Army declared itself the Turkish Republic of Northern Cyprus (TNRC). To this date, only Turkey has recognized the TRNC.
Assume that a large cache of precious metals belonging to the treasury of Cyprus was captured by the Turkish Army during its invasion and subsequently turned over to the TNRC. The TNRC has no contracted to sell the cache to its private buyer in Western Europe. The Cyprus government, learning of this, brings suit in the state where delivery is to take place, asking the court to either (a) enjoin the sale and turn the metals over to Cyprus or (b) require the buyer to pay Cyprus for the metals once they are delivered by the TRNC. How should the court rule? Discuss.

Q: DISCUSS WHAT YOU THINK THE RESULT SHOULD BE. Give 4 recommendations and an implementation.

Here is the outline and I do have the main 4 recommendations. I want you please to expend them. Please follow the following:

1. Do nothing and let them figure it out. If they will not consent to international law and UN will not intervene then essentially Cyprus has to suck it up
2. Reach a treaty and divide resources (on percentage basis)
3. Royalty/lump sum for amount they have found
4.Positive externality – mutual benefit by TRNC having to support Cyprus by building a bridge or something of need, in return The TRNC sells metals.

Implementation:
Royalty/ lump sum

Unless they intervene, Turkey doesn’t comply and in the end can do whatever it wants to but it should be noted that progress should be made.
Decisions in international law are made from what happened in the past…that is why we found external iinternationl cases that are relevant to the decision making process.

Please follow what I ask you for, and you can find the attachment. If you need more than one source, go ahead and uses as many an you want.