HAVEL & PARTNERS has provided comprehensive legal advice to SpaceLab EU SE, an entity established by London-based investment fund, hDock42. SpaceLab EU SE entered into a partnership with the Czech Aerospace Research Centre (VZLU) for the development of a completely unique ion engine that will allow satellites to orbit the Earth at a lower altitude than today and with virtually no fuel.

The legal advice on this ambitious joint venture project included the establishment of a new entity SpaceLab EU for the purposes of the partnership and protection of the future product and IP rights, as well as a complete definition of rules for the joint development, use, valuation and treatment of IP rights.

The legal teams participating in the transaction were the M&A and the IP practice groups managed by Jan Koval (M&A partner) and Ivan Rámeš (IP partner), Tomáš Navrátil (M&A senior associate) and Radek Riedl (IP associate).

More information about the SpaceLab EU SE and VZLU joint venture is available here.