Abstract
This article is dedicated for the analysis of the Convention on ‘Legal Status of the Caspian Sea’ concluded on August 12th, 2018 between the coastal States of the Caspian Sea. The exclusive rights and new opportunities issued to the parties, and alternative resolution to the question ‘sea or lake’ which has been getting on international dispute are researched throughout the Article. However, some issues arisen before the Convention have not been resolved yet. The research states possible solutions for these issues and clarifies indefinite circumstances not reflected in the Convention. In this paper, contradictions existing within the provisions of the Convention and discrepancies occurred between the clauses and the practice are searched. This Article has been prepared on the basis of the analysis of the articles of the Convention on ‘Legal Status of the Caspian Sea’ and the comparison of the current situation with the United Nations Convention on the Law of the Sea (UNCLOS- 1982). Key words: Caspian Sea, special legal status, international disputes, delimitation, implementation of the strategical projects
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