Innovation letter - The present and future of space law

Rapid developments taking place in the space sector present both opportunities and risks. The underlying principles of international space law remain valid today. However, there is much need for new regulations and solutions to address the myriad emerging issues resulting from the new realities and prospects of space exploration and utilisation. While soft law is a valuable tool, it cannot be the only answer. The law must uphold the protection of the common interests of humanity, and doing so will not impede but rather promote good industrial and commercial endeavours by private entities.