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Nishimura Institute of Advanced Legal Studies (“NIALS”) Report by the Space Resource Development Laws Study Group Notices

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Nishimura Institute of Advanced Legal Studies (“NIALS”) Report by the Space Resource Development Laws Study Group Notices

Space resource development is attracting more and more global attention as an industry, and Japan as a country has made significant achievements in this area, making space resources a promising industry for Japan.  However, an appropriate legal regime governing this field is essential for further progress in the industrialization of space resources, and, at this time, it cannot be said that adequate consideration has been given to this issue on a worldwide level.

The Space Resource Development Laws Study Group at the Nishimura Institute of Advanced Legal Studies (or NIALS), chaired by Professor Kazuhiro Nakatani of the University of Tokyo, was established to study the possible legal system that would be required for the optimal growth of space resource development.  The Group is pleased to have, as members and speakers, legal scholars who are leading experts in the fields of space law and international law, experienced space law practitioners, and representatives of companies involved in the space resource development movement.  The Group has now applied its findings to produce a report to the Japanese Government outlining proposals for space resource-friendly legal reforms.

The Japanese version and English versions of the report can be downloaded at the link below.

The key goals of the proposals in this report are to encourage the Japanese government to (1) support the development of domestic rules that will facilitate space resource development by private businesses; (2) in accordance with such rules, take the lead in establishing the relevant rules gradually by fostering private-sector activity within Japan; and (3) promote coordination among countries as necessary.

In this report, the Study Group also proposes, in connection with these key goals, that the government clarify that private businesses are capable of having property rights in space resources that they mine and that it establish a framework for authorization and supervision of space resource development, taking into account any international law issues.

These proposals aim to provide guidance on the development of a legal framework that would allow the Japanese Government to proceed with its consideration of the promotion of the space resource industry with the details it needs.

Authors

水島 淳

Atsushi combines his experience as an entrepreneur in Silicon Valley and his broad experience as a business attorney to provide solutions to tech companies and startups, including the design of transaction flows and contractual frameworks in business model creation, fundraising, various types of business collaboration with large corporations, IP strategy building, global business expansion, and strategic M&A and joint venture deals. For larger corporations, he advises on business collaboration with companies in other industry domains and on investments in and business collaborations with startups as well as on their new business model creation.

藤井 康次郎

Kojiro Fujii specializes in the fields of competition law and international trade law. He also covers emerging areas of digital policy/regulations and public policy/regulations, such as those related to sustainability. His expertise in these areas is frequently recognized by international and domestic legal publications. Kojiro also is regularly ranked by Chambers (Band 1 International Trade, Japan and Band 2 TMT, Japan) and Who’s Who Legal (Competition). He achieved the highest ranking in the “International Trade and Economic Security” category of Nikkei’s “Most successful lawyers” (as voted by Japanese companies and peer lawyers) in 2022; he was recognized by Asian Legal Business as one of the Top 15 Technology, Media and Telecommunications Lawyers in Asia in 2023; and he was shortlisted for the FT Innovative Lawyers Awards Asia-Pacific as the Most Innovative Practitioner for his work covering those areas in 2024.

In addition to his career at N&A, he served as the deputy director of the Ministry of Economy, Trade and Industry of Japan, where he handled several important WTO disputes on behalf of the Japanese government. He also worked at a highly reputable international law firm in Washington DC, where he focused on antitrust matters.