Decision
The Court rendered its decision on 25 July 1974 by ten votes to four and:
(a) Found that the Icelandic Regulations of 1972, constituting a unilateral extension of the exclusive fishing rights of Iceland to 50 nautical miles from the baselines, were not opposable to Germany;
(b) Found that Iceland was not entitled unilaterally to exclude German fishing vessels from areas between the 12-mile and 50-mile limits or unilaterally to impose restrictions on their activities in such areas;
(c) Held that Iceland and Germany were under mutual obligation to undertake negotiations in good faith for an equitable solution of their differences;
(d) Indicated certain factors which were to be taken into account in the negotiations (preferential rights of Iceland, established rights of Germany, interests of other States, conservation of fishery resources, joint examination of measures required); and
(e) Found that it was unable to accede to the submission of Germany concerning its claim to be entitled to compensation.