Tung Chee-hwa, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference and former Chief Executive of Hong Kong SAR, addresses a keynote speech at the Public International Law Colloquium on Maritime Disputes Settlement at the Hong Kong Convention and Exhibition Center in Hong Kong, on July, 15 2016. [Photo by Roy Liu/China Daily]

Working together, building trust and friendship and not conflict is the way to solve territorial problems and move forward, said Tung Chee-hwa, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference and former chief executive of the Hong Kong SAR.

Addressing the Public International Law Colloquium on Maritime Disputes Settlement on Friday in Hong Kong, Tung said the decision issued in The Hague on July 12 is not only incorrect but also complicates the situation and may lead the region to a crisis of enormous consequence.

The two-day event is the first major international forum held after the Arbitral Tribunal appointed by the Permanent Court of Arbitration in The Hague ruled on Tuesday in favor of the Philippines in a South China Sea arbitration case it unilaterally filed against China.

"We need to realize that we live in a troubled world. The only area that holds promise for growth and stability is in the vast Asia-Pacific," Tung said.

The forum, jointly organized by the Chinese Society of International Law and Hong Kong International Arbitration Centre, focused on four topics covering substantive and procedural issues of the maritime dispute settlement.

More than 200 legal professionals, academics and government officials from around the world shared their views on the law of the sea and discussed a proper means of resolving maritime disputes.

Li Shishi, president of Chinese Society of International Law, said the settlement of maritime dispute requires the political consensus of the governments and the contribution of scholars in order to forge consensus.

Speaking on the sidelines of the forum, Anthony Carty, a professor at Tsinghua University, and Abdul G. Koroma, a former judge at the International Court of Justice, both questioned the Arbitral Tribunal's ruling.

"The tribunal had unreasonably interpreted the definition of island and had come up with a very peculiar doctrine of assessing geographical features," said Carty, adding that "the ruling had made the situation much worse".

"It is questionable whether the Arbitral Tribunal was entitled to render an award in the particular case as China had already made the declaration in 2006 excluding issues of territorial sovereignty and maritime delimitation from the compulsory dispute settlements by any tribunal," said Koroma.