| Concept of Private Property in Space – An Analysis (2009) | |||||||||
Abstract | |||||||||
| The 1967 Outer Space Treaty specifically states that appropriation of property is not permitted bysovereign nations and the Moon Treaty declares moon and celestial bodies to be the common heritage of allmankind. It is a common notion that the concept of private property is non-existent in view of the existingtreaties .There is a growing opinion that recognition of property rights is essential in space activities. It isadvocated that for the maximum utilization of the resources in space, which may include both commercial andnon-commercial activities, private participation is essential. The paper examines the current position, need andfeasibility for private participation and recommends possible mechanisms for the incorporation of property rightsin Corpus Juris Spatialis. | |||||||||
Publication details | |||||||||
| |||||||||