No they are not obligatory. How much Palestinian territory Israel gets is entirely up to the Palestinians. Israel has its legal borders set in 1948. It has no legal sovereignty beyond those borders. Mr Dayan also knows that under the Fourth Geneva Convention Settlements are illegal and that Palestinians have every right to ask Israel to remove them and the people in them. They have no legal right to be there. Saying Israel has a biblical claim to the West Bank holds no validity either. Religious beliefs hold no weight in International Law as he well knows. Everyones beliefs vary and no-one can impose their beliefs on another. It seems to me the only place to settle this is in the ICC and I for one hope the Palestinians take it there.
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from the article: Take land swaps off the table