What led to Malaysia and Singapore discontinuing the ICJ review?

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Malaysia and Singapore mutually agreed to discontinue the International Court of Justice review application concerning Pedra Branca/Pulau Batu Puteh

Malaysia and Singapore jointly decided to discontinue Malaysia's application for a revision of the International Court of Justice's (ICJ) 2008 judgment on sovereignty over Pedra Branca/Pulau Batu Puteh, Middle Rocks, and South Ledge. This decision was formally notified to the ICJ on May 28, 2018, leading to the Court ordering the discontinuance of the proceedings the following day, May 29, 2018.
Parties reached an agreement to cease proceedings after exchanging arguments

The discontinuation of Malaysia's review application occurred after both nations had submitted their written observations and supporting documentation to the Court between February 14, 2017, and February 12, 2018. This exchange allowed both Malaysia and Singapore to be fully aware of each other's legal arguments and evidence before reaching their mutual decision to withdraw the case.
Malaysia's application was based on newly discovered documents

Malaysia had filed its application for revision on February 2, 2017, asserting that the discovery of three significant documents in the United Kingdom National Archives constituted new evidence. These documents, allegedly indicating that Singapore officials did not consider Singapore to have acquired sovereignty over Pedra Branca/Pulau Batu Puteh from Johor during critical periods after 1953, included internal Singapore colonial correspondence from 1958, a British naval officer's incident report acknowledging Johor's ownership of surrounding waters, and an annotated map that did not show Pedra Branca/Pulau Batu Puteh within Singapore's territorial boundary.
The settlement was an out-of-court agreement

The decision to discontinue the proceedings aligns with the principle that parties involved in pending legal disputes are entitled to compromise or settle their differences on mutually agreed terms without requiring the court's approval. This practice, often referred to as an out-of-court settlement, is a common feature of civil legal proceedings, allowing parties to resolve matters privately after re-evaluating their legal positions.

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What led to Malaysia and Singapore discontinuing the ICJ review?

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