UNCLSUnited Nations Convention on the Law of the Sea (usually seen as UNCLOS)
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Such a regime could be administered by the International Seabed Authority (ISA) under the umbrella of the United Nations Convention on the Law of the Sea (UNCLS) but this domain is still a minefield of uncertainty and controversy for a range of reasons.
In a peculiarly 21st-century dash for valuable undersea real estate, up to 50 countries have submitted evidence of the extended seabed beyond their coastline to the Commission on the Limits of the Continental Shelf (CLCS), a panel created under the UN Convention on the Law of the Sea (UNCLS) to review and certify the legitimacy of such claims.
May marked the deadline for those countries who ratified the UNCLS before 1999 to submit claims for ownership of the seabed.