BIG NO TO UNIDROIT!!
The global satellite industry today repeats its grave concerns….
….over the proposed UNIDROIT Space Assets Protocol.
February 23, 2012 – As delegates of UNIDROIT and its member states convene on February 2th7 in Berlin, Germany, for the Diplomatic Conference on the Draft Space Assets Protocol to the Convention on International Interests in Mobile Equipment, the European Satellite Operators’ Association, the Satellite Industry Association of Washington, D.C., the Space Industry Association of Australia and the Cable and Satellite Broadcasting Association of Asia today urged delegates and Member States to defer any consideration of the Protocol due to an absence of support from the global satellite industry.
In an unprecedented show of unity, the world’s satellite sector submitted a letter to the Unidroit Conference Chairman signed by close to 100 companies, expressing opposition to the potential new piece of legislation that threatens the stability of satellite financing. The list of signatories includes established and start-up satellite operators on all continents, most of the world’s satellite manufacturers and launch providers, the major satellite insurance brokers and underwriters, the large banks participating in the satellite sector, and the major satellite and space-related associations. The global satellite industry has repeatedly raised its concerns with UNIDROIT over the last few years but those concerns still remain unaddressed.
To view the full article, please visit http://www.satnews.com/cgi-bin/story.cgi?number=918437393
To read the letter, click here
CASBAA’s press release can be found here