The Sky Is Not the Limit: Space Activities in Luxembourg
At the end of 2020, Luxembourg adopted the Act of 15 December 2020 on space activities (loi du 15 décembre 2020 portant sur les activités spatiales) (the "Space Act"). The Space Act complements the Exploration and Use of Space Resources Act 2017 (the "Space Resources Act") and applies to all types of space activities falling within the Luxembourg jurisdiction not covered by the latter legislation. This newsflash briefly describes the regulatory obligations for space operators (including satellite operators) as well as certain notification obligations and required approvals in the context of mergers and acquisitions. Existing space operators should pay due attention to the deadlines for compliance with the new legislation.