Absolutely.
However, the truth remains, legally, Somali Republic was dissolved by Siyad Barre in 1969. And Somaliland was from that day onwards, an occupied territory of the dictatorship. That occupation also came to an end in 1991.
From 1991, whatever new structure of government that was agreed on by Somalia's factions have no legal binding on Somaliland.
Why Somaliland was not recognised, is purely a political position, not a legal position. And this political position has a lot to do with the status of Somalia as a "failed state". No one wants to disturb a hornets nest when everything has broken down. The safest option is just to let it be and let them deal with each other.
However, after 30 years, this option of "let it be" is no longer sustainable. Which is why the International Community is waiting for the Presidential elections in Somaliland to take place and after that a final and binding political settlement is reached between Hargeisa and Mogadishu.