- Law of the sea — Piracy — UNCLOS (UN Convention on the Law of the Sea)
Bioprospecting is the process of identifying unique characteristics of marine organisms for the purpose of developing them into commercially valuable products. This chapter explores the legal regime for bioprospecting. It identifies the legal rules that apply to bioprospecting and the issues that may require future development. It discusses the UN Nations Convention on the Law of the Sea (LOSC) and the 1992 Convention on Biological Diversity (CBD) before turning to the rules that apply to marine bioprospecting within and outside areas of national jurisdiction.