If you remember, Israel never claimed the occupied Palestinian territories in its unilateral declaration of statehood, a move which by itself invalidated any and all previous international moves, so Israel has, by its own declaration, no valid claim to any land beyond what was initially recognized by the UN after it declared statehood, which is why its occupation of those lands is deemed illegal by both the UN and the entire International community.
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Egypt policeman's conviction overturned in protester's death (AP)
from the article: Palestinians plan UN resolution calling for settlement evacuation