What is it about?

For the potential investors in the area of space activities, a reliable legal framework is a great asset. A transparent legislation gives the details of the authorisation procedure and helps to assess the potential risks and delays. It formulates also clear rules on a possible withdrawal of the authorisation and on the sanctions for the violation of the conditions of the authorisation, letting little or no room for negative surprises from the side of the authorising government. The 2017 Space Resources Law of Luxembourg is an example of such legislation assisting future operators in this sphere to asses the conditions for investment in space resources activities in Luxembourg.

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Why is it important?

The operators in the area of space resources are informed about their rights when investing in Luxembourg. The scholars read about an investment-friendly legislation in a very specific area - a space resources activity.

Perspectives

It was a great experience to think about the space resources legislation of Luxembourg from the perspective of investment law!

Mahulena Hofmann
University Luxembourg

Read the Original

This page is a summary of: Emerging Commercial Uses of Space: Regulation Reducing Risks, The Journal of World Investment & Trade, October 2018, Brill,
DOI: 10.1163/22119000-12340117.
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