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The Luxembourg Government has just adopted a draft law ensuring that private operators working in space can be confident about their rights to the resources they extract in outer space. The legal and regulatory framework is a key action of an overall strategy to be implemented progressively within the SpaceResources.lu initiative for the exploration and commercial use of resources from Near Earth Objects (NEOs), such as asteroids.
Article 1 of the draft law provides that space resources are capable of being appropriated in accordance with international law. Luxembourg is thus the first European country to provide legal certainty as to the ownership of minerals, water and other space resources identified in particular on asteroids.
The law is based on...
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