Trawling in Outer Space
Luxembourg is the first European country to pass a law guaranteeing companies entitlement to raw materials obtained in outer space – as long as the companies are based in the country. The Grand Duchy is also using loans and research investments as incentives. The rationale behind this is Luxembourg’s desire to become the leading international center for mining in outer space, in the hope that the companies involved will then pay tax on their profits there. However, this farsighted policy is more than a little dubious with respect to international law, as our author explains.