The management and utilization of a number of resources of the planet earth, over which no single nation has exclusive jurisdiction, have given rise to a number of knotty problems, usually termed as issues of ‘Global Commons“. A number of these issues have come to the fore in the global agenda in the 1970s.Footnote1 The creation of acceptable norms, procedures, rules, and institutional structures to manage these resources has proved to be legally complex and politically contentious.