Exploring the Legal Frontiers of Space Technology
An Interview with Sasipa Chaicharn, Head of mu Space’s Legal Department
The phrase ‘space technology’ most likely conjures an image of a sleek, state-of-the-art space vehicle or a laboratory with scientists in their white coats assembling the next big innovation. While these images are accurate, let us introduce you to something that goes on behind the scenes. Behind all the glitz and glamour of space tech lies a paramount sector in any space manufacturing company: space laws.
In this edition of mu Space Sit Downs, we talk to Sasipa Chaicharn, or Nang, the head of mu Space’s Legal Department and International Affairs. We discuss her path to practicing space law and the future of the aerospace industry from a lawyer’s perspective.
1.
What was your path to working in an aerospace company and using your expertise for Space Law?
I have always been interested in technology, and since I have garnered the knowledge required in the tech sector, I believed that working in this company would allow me to apply my legal knowledge in the industry of my interest. Especially, since there are currently no space laws in Thailand, the nature of applying legal knowledge in this industry would primarily involve listening and providing legal opinions, such as commenting on space policy and contributing to the development of laws designed to benefit those involved the most.
2.
What are some laws that help protect aerospace companies in Thailand?
Currently, there are no directly enforced space laws in Thailand. However, the government does support advanced technology industries, including satellites, satellite components, and satellite systems, with a focus on support rather than regulation.
3.
Do you see challenges in the future regarding Space Law, or do you feel the future will bring more opportunities rather than challenges?
It's seen as both a challenge and an opportunity. Having a space policy in place for the future will provide opportunities for those involved in the space industry, whether they are from the government or the private sector. The government will likely increase its support for space industry players, promoting the growth of this sector and contributing to the development of the space business, which, in turn, will enable Thailand to enhance its workforce and economy.
4.
Could you please discuss some advantages mu Space has received from the government regarding law and finances?
We received a BOI for our satellites on February 24, 2021, the approval aims to promote investments in the production of small satellite systems for space-related missions.
Another incentive received from the government was the Capital Gain Tax. This dictates that satellite manufacturer and mu Space has been certified by the NSTDA. Additionally, investing in mu Space Corp and holding shares for a minimum of 2 years comes with a benefit allowing investors a capital gain tax exemption when selling after more than 2 years.
Lastly the company also received a second BOI for the development of Advanced Inference Machine for Oculars or AIMO products. mu Space looks to boost investments in the smart electronics sector. Hence, helping the country enhance its competitiveness and also providing essential legal support for companies working in this sector. Given a 5 million baht investment, mu Space is set to unveil groundbreaking AIMO systems in 2 years.
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