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Britain and Argentina lodge rival claims to seabed around Falklands

The territorial dispute between the two countries now extends beneath the South Atlantic itself and to the submerged boundaries of continental plates.

The application has gone to the UN Commission on the Limits of the Continental Shelf. But Argentina, which lodged its claim over the same area of seabed last month, denounced Britain's move.
"The British insistence in assuming extended competence over the Malvinas [Falkland Islands], South Georgia and Southern Sandwich Islands and their surrounding maritime areas is unacceptable and inadmissible," said Jorge Taiana, the Argentine foreign minister. "Such competences only correspond to the sovereign state: the Republic of Argentina."

Read entire article at Telegraph (UK)