WHEREAS the Kingdom of Denmark in respect of the Faroe Islands (“Denmark in respect of the Faroe Islands”) and the European Union (“European Union”) are Parties to the United Nations Convention on the Law of the Sea (“Convention”);

WHEREAS Article 286 of the Convention provides that “[s]ubject to section 3, any dispute concerning the interpretation or application of this Convention shall, where no settlement has been reached by recourse to section 1, be submitted at the request of any Party to the dispute to the court or tribunal having jurisdiction under this section”;

WHEREAS the Kingdom of Denmark has chosen the International Court of Justice as forum for settling disputes and the European Union has not made a choice under Article 287(1);

WHEREAS, Article 287(3) of the Convention provides that a “State Party, which is a Party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII”;

WHEREAS Article 287(5) of the Convention provides that “[i]f the Parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the Parties otherwise agree”;