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Accretion also abounds as another mode of acquiring a territory under the traditional international law. Notably, accretion involves the effect of natural forces such as volcanism. For instance, in cases where natural activities such as volcanism takes place and volcanic islands emerge in a stateâs territorial waters, it would have the right to acquire territory.
A form of takeover, an acquisition occurs when a buying company obtains more than 50% ownership in a target company. The approach is often used to increase market share, add new niche offerings or increase the overall amount of business assets.