29 November 2015

Search archive

UK considers capping space liability

1 June 2012

The UK government intends to reform the Outer Space Act 1986 by introducing an upper limit on liability for UK operators.

It follows a change last year when the compulsory insurance requirement for satellite operators was reduced from £100mn to EUR60mn.

The current proposals seek to change the nature of contingent liabilities for operators, in effect moving away from the current practice where operators have unlimited liability.

As the UK government states in its consultation paper, "the treatment of contingent...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership

Share: This article was published as part of issue June 2012/1

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2015. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.