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Abstract

The commercial use of outer space, including the moon and other celestial bodies, particularly in the field of telecommunication has been accelerating in developing countries due to the potential of telecommunication in advancing development. This article aims to present the legal loopholes in space law by examining the commercial space activity, telecommunication service, through the view of Thailand under the framework of GATS. Using the acquisition of Shin Corporation of Thailand, by Temasek Holdings – the Singaporean Government’s investment arm – as a case study, the article gives the overview about the Foreign Business Act B.E. 2542 (1999) of Thailand and the Thai regulations according to the GATS commitments on foreign equity cap in order to point out the legal effect and the legal gap resulting from such deal.

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