About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

14 Air & Space Law. 1 (1999-2000)

handle is hein.journals/airspaclaw14 and id is 1 raw text is: Volume 14, Numiber I, Suimex 99 THE'AiR AND SPACE LAWYER Fixing 'Bogus Parts' Before They Give Birth to Problems BY JASON DICKSTEIN '13ogus parts.' Uincontrolled engine t'ailure. Planes I'alling out of the sky. 'I'liese are some of the niedia images that bring . nightmares to the millions oi p)eopl vh(o fly in our (:olflle'- cial aviation system . One of the most 'rightening and least understood aspects of aviation safety co(ncerns the bogus parts that are reputhd to be installed on civil aircraft. l'he term bogus parts' is often spoken ini the satme huslied tones reserved for crimes Ilike narcotics trafficking and hijacking. In fact, laws that were passed to :omlbat aircraft hijack- ing have been used against persons accused of 'bogus parts'-related crinies. Law enforcement is taking the issue of 'bogus parts' very seriously. Like most nightmares, the 'bogus parts' issue takes on a different shape when ex)ose(l to the harsh light oF day. Legal and safily )rolblems associatel with 'bogus' aircraft parts ar: olten miuchi more con- plex and less black and white than news mndia might have us believe. The purpose of this article is to (lispel somne of the mIlyths associated with 'hogus' aircraft parts, to provide a ru(1imentary eXl)anation of the prteIl), and to describe sc i of the steps liing taken I) y governient an(l industry to resolve it. A brief ldescription of the lprollemn is followed lby an explanation of FAA regula- tions that apply to an aircraft part throughout its life cycle. Analysis of' the regulatory schemie shows that (littering standards for manufacture and maintenance cause a discontinuity in the system that p~rovides a ripe atnosplihere for germinating problens. Statement of the Problem(s) Perhaps the most iniportant inisunderstanding in the area of 'bogus parts' is the fact that the problem is actually iany l)roblems.' All concern aircraft parts, (continued oil page 10) Acquisition of Corporations in the Space Industry BY JULIAN HERMIDA Ini recent years, several corporations engage(d in the space industry have been sold, merged, spun off, or reorganized. These include satellite telecomnmunica- tions operators, remote sensing companies, and launch services providers, among others. Many of these corporations are active in foreign jurisdictions, carrying out space-related projects either by them- selves or in conjunction with local partners. The agreements used to structure and materialize these transactions in the space industry have rarely ever been analyzed from a space law perspective. This arti- cle examines primiary characteristics of agreements used in connection with acquisition of international corporations engaged in the space industry. Precontractual Documents As in other industries, negotiations aimed at the acquisition of stock of i target corporation generally start with the execution of i letter of intent, a confi- dentiality agreement, a stand still agreement, or other pr(econtractual document. The objective of these agreements is to regulate the conduct of the parties during negotiations. The letter of intent, the most fre- (continued on page 17) Fixing 'logus Parts' Before They Give Birth to Problems 1 Acquisition of Corporatims in the Space Industry 1 Chair's Message 2 Editor's Cohm 3 Recenti Chanlges ill the Warsaw Convenition: The Effects on Airline Liability Claims 3

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most