Journal of Air and Space Law: ‘Financial and Insurance Considerations in Relation to the Grant of a UK Spaceflight Licence, Particularly for Non-Geostationary Satellites’

Alden Legal has published an article in the Journal of Air and Space Law entitled ‘Financial and Insurance Considerations in Relation to the Grant of a UK Spaceflight Licence, Particularly for Non-Geostationary Satellites’ in collaboration with Neil Stevens of Marsh Space Projects,

“National regulators globally are having to consider the licensing criteria to impose on launch and satellite operators as more regulators are approached to license satellites and, in particular, large constellations. 

Regulators must balance issues such as government risk, safety, security and the sustainable use and access to space; against the encouragement of commercialisation, innovation and growth.

 It is well documented that an effective, proportionate regulatory framework is an enabler for raising investment. As part of such framework, regulators must assess how best to establish the financial standing of licence applicants and what insurance requirements to impose”.

 The issues raised in the article have become increasingly relevant as more operators look to ‘forum shop’ for the most efficient licensing regime and the issue of sustainability and good governance of constellations is more pressing than ever. The article explores alternatives to establish financial standing in licensing requirements, based on Alden’s experience in this area.

To read the whole article, please see here: https://kluwerlawonline.com/JournalArticle/Air+and+Space+Law/46.6/AILA2021049